Which of the Following Statements About the Price Elasticity of Demand

question 68

Multiple Choice

Which of the following statements about the price elasticity of demand is true?

• A)Slope and elasticity measure the same things.
• B)Price elasticity of demand varies depending on how price and quantity are measured.
• C)It is important to know whether the price elasticity of demand is a positive or negative number.
• D)The slope of a demand curve does not tell us the price elasticity of demand.
• E)Price elasticity is the same everywhere along a demand curve of any shape.

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