Figure: Demand Elasticities 
Refer to the figure. It shows two different demand curves. Based on the graph, which statement is TRUE?
Definitions:
Categorical Syllogisms
A form of deductive reasoning consisting of three parts: a major premise, a minor premise, and a conclusion, each of which may be categorized by their statements.
Freshman Survey
A questionnaire or study conducted to gather information about the experiences, preferences, or characteristics of students in their first year of college.
Inductive Argument
A form of reasoning in which the premises seek to supply strong evidence for the truth of the conclusion.
Correlated Objects
Items or variables that have a mutual relationship or connection, where changes in one are associated with changes in the other.
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