Consider two linear, downward-sloping demand curves, A and B, that intersect each other at point X with positive price and quantity. Demand curve A is steeper than demand curve B. We can conclude that
◦ curve B is less elastic than curve A at any price above point X.
◦ curve A is less elastic than curve B at any price above point X.
◦ curve A is less elastic than curve B at any point.
◦ curve A is less elastic than curve B at point X.
◦ curve B is less elastic than curve A at any point.