With a Downward-Sloping Straight-Line Demand Curve,price Elasticity of Demand Is

question 12

Multiple Choice

With a downward-sloping straight-line demand curve,price elasticity of demand is

• A)rising continuously with price increases.
• B)decreasing continuously with price increases.
• C)increasing to the midpoint of the curve and then decreasing.
• D)constant everywhere on it.
• E)indeterminate.

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Definitions:

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Slow and incremental alterations or developments that occur over time.

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