On a Linear Demand Curve That Intersects Both Axes

question 201

Multiple Choice

On a linear demand curve that intersects both axes

• A) the elasticity exceeds 1.00 at all prices.
• B) the elasticity is less than 1.00 at all prices.
• C) the elasticity equals 1.00 at all prices.
• D) the elasticity decreases as the price falls and quantity increases.

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