A Straight-Line Downward-Sloping Demand Curve Has a Price Elasticity of Demand

question 292

Multiple Choice

A straight-line downward-sloping demand curve has a price elasticity of demand which

• A)decreases as price decreases.
• B)increases as price decreases.
• C)is zero at all prices.
• D)is unitary at all prices.

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Definitions:

Aquatic Predators

Organisms that live in water environments and obtain their energy and nutrients by hunting and consuming other aquatic organisms.

Radiolaria

Heterotrophic single-celled protists with a porous shell of silica and cytoplasmic extensions.

Foraminifera

Heterotrophic single-celled protists with a porous calcium carbonate shell and cytoplasmic extensions.