Questions: Using the graph, complete the table that follows by indicating whether each statement is true or false. (H clicking on the points.) Statement - Between points A and E, curve HH is perfectly inelastic. - Between points A and C, curve KK is elastic. - Curve KK is more elastic between points A and C than curve JJ is between points A and D.

Using the graph, complete the table that follows by indicating whether each statement is true or false. (H clicking on the points.)

Statement
- Between points A and E, curve HH is perfectly inelastic.
- Between points A and C, curve KK is elastic.
- Curve KK is more elastic between points A and C than curve JJ is between points A and D.

Transcript text: Using the graph, complete the table that follows by indicating whether each statement is true or false. (H clicking on the points.) Statement Between points $A$ and $E$, curve $H H$ is perfectly inelastic. Between points $A$ and $C$, curve $K K$ is elastic. Curve $K K$ is more elastic between points $A$ and $C$ than curve $J J$ is between points $A$ and $D$.

Solution

Solution Steps

Step 1: Analyze the Graph

Examine the graph to understand the curves and points mentioned in the statements.
Identify the curves HH, KK, and JJ, and the points A, E, C, and D.

Step 2: Evaluate the First Statement

Statement: Between points A and E, curve HH is perfectly inelastic.
Analysis: A perfectly inelastic curve is vertical, meaning quantity does not change as price changes.
Observation: Curve HH between points A and E is vertical.
Conclusion: The statement is True.

Step 3: Evaluate the Second Statement

Statement: Between points A and C, curve KK is elastic.
Analysis: An elastic curve means a small change in price leads to a large change in quantity.
Observation: Curve KK between points A and C is relatively flat, indicating elasticity.
Conclusion: The statement is True.