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400 + 360 N 320 280 W 240 PRICE (Dollars per unit) 200 M M N+ 160 120 80 40 N 0 40 80 120

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400 + 360 N 320 280 W 240 PRICE (Dollars per unit) 200 M M N+ 160 120 80 40 N 0 40 80 120 160 200 0 280 320 360 400 QUANTITY (Units) Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False Between points V and Y, curve OO is inelastic. O O Between points V and W, curve NN is perfectly inelastic. O O Curve OO is less elastic between points V and Y than curve LL is between points V and X. O O

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