If the Price Elasticity of Demand Is 1

question 84

Multiple Choice

If the price elasticity of demand is 1.5,regardless of which two points on the demand curve are used to compute the elasticity,then demand is

• A)perfectly inelastic,and the demand curve is vertical.
• B)elastic,and the demand curve is a straight,downward-sloping line.
• C)perfectly elastic,and the demand curve is horizontal.
• D)elastic,and the demand curve is something other than a straight,downward-sloping line.

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