Price Price Price Price *. 2 2 .D 2 2 D 0 100 0 100 0 100 0 100 Quantity Quantity Quantity Quantity (1 ) (2) (3) (4) Refer to the above graph. Which of the graphs shows a perfectly inelastic supply curve? 04 03 02 01 O None of the above graphs. The income elasticity of demand of a normal good is: O equal to 0. O less than O. O greater than O. O between 1 and O. Price Price Price Price 2 100 100 0 100 0 Quantity Quantity Quantity Quantity (1 ) (2) (3) (4) Refer to the above graph. Which of the graphs shows a perfectly elastic demand curve? 04 01 03 O None of the above graphs. 02