The conclusion about the product demand graph is; C: Product A has more elastic demand than product B.
<h3>How to Interpret Equilibrium Demand Graphs?</h3>
The graph given shows us the quantity demanded for 2 products in relation to their prices.
From the given graph, we can conclude that product A is more responsive to a change in price, compared to how responsive product B is to a change in price.
Thus, a change in the price of commodity A causes a greater change in the quantity demanded, compared to a change in quantity demanded for product B, with almost the same change in price.
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Steamships were the most significant contribution to the revolution of water transportation
The Renaissance started around 1500.
The Middle Ages started around 500 and ended around 1500. The right answer is B.
