Which of the following is true when prices increase from P1 to P2?

6a. Which of the following is true of the demand Show more Refer to Figure 6 above for Question 6. (2 points) 6a. Which of the following is true of the demand curve for A? a. Consumers purchase any quantity of A regardless of the price. b. There is no change in the quantity demanded of A as the price changes. c. A small price change will cause consumers to change their consumption by a much larger quantity. d. The smallest price increase will cause consumers to switch to the producer with a lower price. e. The price elasticity of demand for A is equal to 1. 6b. Which of the following is true when prices increase from P1 to P2? a. The change in quantity demanded is larger for C than D thus the demand for D is relatively less elastic than it is for C. b. The change in the quantity demanded following the price increase is largest for C. c. The change in the quantity demanded following the price increase is least for D. d. The demand for E is perfectly inelastic. e. The change in quantity demanded is larger for C than A thus the demand for C is more elastic than it is for A. 6c. Which of the following is true of the demand curve for A? a. Consumers purchase any quantity of A regardless of the price. b. There is no change in the quantity demanded of A as the price changes. c. A small price change will cause consumers to change their consumption by a much larger quantity. d. The smallest price increase will cause consumers to switch to the producer with a lower price. e. The price elasticity of demand for A is equal to 1 6d. Which demand curve is most likely to represent the demand for insulin by diabetics? a. A b. B c. C d. D e. E These all subparts need to be answered with valid reasoning and explanations. If you cant answer correctly then dont answer it. I will thumb you down for incorrect work. Show less

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