Using the graph, complete the table that follows by indicating whether each statement is truefor false. Statement Between points A and B, curve LL is unit elastic. Between points A and D, curve NN is inelastic. Curve MM is more elastic between points A and C than curve NN is between points A and D. True False O O O

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.