Question 2: Slope and Elasticity (6 points).Here is the Demand Curve ("Original Demand") for a certain product or service. At point A, the Elasticity is about one. Question 2, Part A; (graph is part of question 2 part A) Draw a second Demand Curve (the "New Demand") with these characteristics: ? It is a Demand Curve? It is a straight line? With the New Demand, at a price of $60.00 the quantity demanded is 550 units (that's where it crosses the Original Demand Curve)? The slope is different from the slope of the Original Demand curve. There is no one correct answer: any line is ok as long as it has the above four characteristics. Question 2, Part B: Is your new demand curve, more Elastic___ or more Inelastic___ than the Original Demand? How can you tell?Type your answer and explanation here: Question 2, Part C: With the New Demand Curve, comparatively how well off or badly off will the supplier be if his or her costs go up? Please explain.Type your answer and explanation here:

Original Demand Curve) . The slope is different from the slope of the Original Demand curve. There is no one correct answer: any line is ok as long as it has the above four characteristics. $90.00 $85.00 $80.00 $75.00 $70.00 $65.00 Price $60.00 $55.00 $50.00 $45.00 $40.00 $35.00 $30.00 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 Quantity Demanded - - Original Demand -New Demand Here is a line that you can move into position on the chart