Demand for product A is more elastic than demand for product B is the conclusion does this graph most support. Hence, option A is correct.
What is elasticity of demand?
A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
Example if the price of the tea change, the consumption of the tea remains the same or little less.
Thus, option A is correct.
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