A Demand Curve That Is the Shape of a Rectangular

question 11

Multiple Choice

A demand curve that is the shape of a rectangular hyperbola

• A)has the same elasticity as a straight- line demand curve.
• B)is elastic over the whole curve.
• C)is unit elastic over the whole curve.
• D)is inelastic over the whole curve.
• E)has an elasticity of 100% over the whole curve.

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