Refer to the Figure Below

question 78

Multiple Choice

Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2?

• A)It will be equal for D1 and D2.
• B)It will be greater for D1 than for D2.
• C)It will be lower for D1 than D2.
• D)The price elasticity of demand for both D1 and D2 will be greater than one.

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The physical closeness between people, objects, or geographical locations, which can influence relationships and interactions.

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Psychological tendencies expressed by evaluating an entity with some degree of favor or disfavor.

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