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The following graph displays four demand curves (PP, QQ, RR, and SS) that intersect at point V. CO PRICE (Dollars per unit) CO 12 14

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The following graph displays four demand curves (PP, QQ, RR, and SS) that intersect at point V. CO PRICE (Dollars per unit) CO 12 14 16 18 20 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 RR is inelastic. O O Between points V and W, curve PP is unit elastic. O O Curve QQ is more elastic between points V and X than curve RR is between points V and Y. O O

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