What are the slopes of demand curves, Macroeconomics

Use the points on the graph below to answer the following questions.

1790_elastic.png

i)   What is Ep along D1 (from A to B)?

ii)  What is the Ep along D2 (from X to Y)?

iii) What are the slopes of Demand curves D1 and D2?

iv) What can you say about the slopes and the elasticities of these demand curves?

Posted Date: 4/6/2013 5:59:33 AM | Location : United States







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