3. The variety of demand curves The following graph displays four demand curves (LL, MM, NN, and OO) that intersect at point A. @ 200 180 o 160 o\\ 140 \\ D E 5 + + = 120 . +| 4 A g 100 L _++ L 8 B w 80 S ie o 60 M 40 N 20 o 0 0 20 40 60 80 100 120 140 160 180 200 QUANTITY (Units) Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False Between points A and D, curve NN is inelastic. O O Between points A and B, curve LL is unit elastic. O O Curve NN is less elastic between points A and D than curve MM is between points A and C. O O