5. The variety of demand curvesThe following graph displays four demand curves (LL, MM, NN, and 0O) that intersect at point A.

Aplia Homework: Chapter 5 400 360 320 280 240 200 PRICE (Dollars per unit) 160 120 40 O 40 80 120 160 200 240 280 320 360 400 QUANTITY (Units) Using the graph, complete the table that follows by Indicating whether each statement is true or false. Statement True False Between points A and B, curve LL is perfectly Inelastic. O Curve MM is less elastic between points A and C than curve NN Is between points A and D. O O Between points A and C, curve MM is Inelastic. O O