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Figure: Elasticity and Quantity Demanded Refer to the Figure

question 54

Multiple Choice

Figure: Elasticity and Quantity Demanded Figure: Elasticity and Quantity Demanded Refer to the figure. An increase in price from $40 to $50 would cause the change in quantity demanded for D<sub>1</sub> to be: A) greater than the change in quantity demanded for D<sub>2</sub> so D<sub>1</sub> is more elastic than D<sub>2</sub>. B) greater than the change in quantity demanded for D<sub>2</sub> so D<sub>2</sub> is more elastic than D<sub>1</sub>. C) less than the change in quantity demanded for D<sub>2</sub> so D<sub>1</sub> is more inelastic than D<sub>2</sub>. D) less than the change in quantity demanded for D<sub>2</sub> so D<sub>2</sub> is more inelastic than D<sub>1</sub>. Refer to the figure. An increase in price from $40 to $50 would cause the change in quantity demanded for D1 to be:

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