The Following Information Pertains to Three Different Products Being Sold

The following information pertains to three different products being sold by Andy Company: $\begin{array}{ccccc}\text { Product }& \text { Old Price } &\text { New Price } & \text { Old Quantity } & \text { New Quantity }\\\hline\text { A } & \$ 10.00 & \$ 11.00 & 2,000 & 1,900 \\\text { B } & 20.00 & 18.00 & 4,000 & 4,600 \\\text { C } & 30.00 & 33.00 & 6,000 & 5,500 \\\text { D } & \$ 40.00 & \$ 38.00 & 8,000 & 10,000\end{array}$

Which product has an elastic demand curve?

A) Product A
B) Product B
C) Product C
D) Product D

Correct Answer:

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