Price 80 S 60 D 100 Quantity When this market is in equilibrium: (i) demand is elastic. (ii) supply is elastic. (iii) supply is inelastic. (iv) the absolute elasticity of demand is greater than that of supply. O A. Only (ili) and (iv) are correct. O B. Only (i), (iii) and (iv) are correct. O C. Only (i) and (iv) are correct. O D. Only (i), (ii) and (iv) are correct. O E. Only (iii) is correct