Question: Kindly please explain why the answer is C The graph below illustrates three demand curves. Price $70 D1 60 50 40 B 30 D2 20

Kindly please explain why the answer is C

The graph below illustrates three demand curves. Price $70 D1 60 50 40 B 30 D2 20 10 D3 80 240 400 560 720 Quantity per day Refer to the graph above to answer this question. Which of the following statements is correct? x A) The demand between points A and C on D, is elastic. B) The slope of demand curve D, and its price elasticity are the same. - O C) The price elasticity of demand between points A and C on D, is 0.375. OD) The price elasticity of demand between points A and C on D, is 0.267

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