The Slope of a Demand Curve Is Not Used to Measure

question 206

Multiple Choice

The slope of a demand curve is not used to measure the price elasticity of demand because

• A)the slope of a linear demand curve is not constant.
• B)the slope of a line cannot have a negative value.
• C)the measurement of slope is sensitive to the units chosen for price and quantity.
• D)the slope of the demand curve does not tell us how much quantity changes as price changes.

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Definitions:

Data Redundancy

The duplication of data in multiple places within a database or information storage system, often to increase reliability or improve performance.

Normalization

The process of organizing the fields and tables of a database to minimize redundancy and dependency.

Exporting

The act of sending goods or services to another country for sale or trade.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.