The Graph Below Illustrates Three Demand Curves

question 157

Multiple Choice

The graph below illustrates three demand curves.

-Refer to the graph above to answer this question.In the $50 to $60 price range,which of the following statements is correct?

• A)D₁ and D₂ are both elastic.
• B)D₁ and D₂ are both perfectly inelastic.
• C)D₂ is the most inelastic.
• D)D₃ is the most inelastic.
• E)D₁ is the most inelastic.

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