Along Any Downward-Sloping Straight-Line Demand Curve

question 130

Multiple Choice

Along any downward-sloping straight-line demand curve:

• A) both the price elasticity and slope vary.
• B) the price elasticity varies, but the slope is constant.
• C) the slope varies, but the price elasticity is constant.
• D) both the price elasticity and slope are constant.

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Definitions:

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