Question: Price Q.Q Quantity demanded per period Q2 Quantity demanded per period GRAPH 1 GRAPH 2 Review the two graphs above. Fill in the first three

 Price Q.Q Quantity demanded per period Q2 Quantity demanded per period

Price Q.Q Quantity demanded per period Q2 Quantity demanded per period GRAPH 1 GRAPH 2 Review the two graphs above. Fill in the first three rows of the table right below the graphs by writing TRUE O FALSE for ench statement per graph (1 pt each) Provide a product example for each demand function (1 pt. each). GRAPH 1 GRAPH 2 The demand is elastic Consumers are not price sensitie Quantity significantly drops with increasing prices Provide example per each graph

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