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The following graph displays four demand curves (LL, MM, NN, and oo) that intersect at point A. 400 380 320 PRICE (Dollars per unit a

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The following graph displays four demand curves (LL, MM, NN, and oo) that intersect at point A. 400 380 320 PRICE (Dollars per unit a 40 100 2001 0 40 80 120 160 200 240 280320300 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 E, curve oo is unit elastic, Between points A and C, curve MM is inelastic, 0 0 Curve NN is less elastic between points A and D than curve MM is between points A and C

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