Figure 6-1
In Figure 6-1,
A. D1 is more elastic than D2 below P2 and less elastic above P2.
B. D1 is less elastic than D2 at all prices.
C. D2 is less elastic than D1 at all prices.
D. D2 is more elastic than D2 above P2 but less elastic below P2.
Answer: C
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