If the Demand Curve Is Linear and Downward Sloping,which of the Following

question 294

Multiple Choice

If the demand curve is linear and downward sloping,which of the following statements is not correct?

• A)Demand is more elastic on the lower part of the demand curve than on the upper part.
• B)Different pairs of points on the demand curve can result in different values of the price elasticity of demand.
• C)Different pairs of points on the demand curve result in identical values of the slope of the demand curve.
• D)Starting from a point on the upper part of the demand curve,an increase in price leads to a decrease in total revenue.

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Definitions:

Conservation

The prevention of wasteful use of resources, or the protection and preservation of the natural environment, heritage, or culture.

Resource Economists

Specialists who study the allocation, utilization, and conservation of natural resources from an economic perspective.

Price Elasticities

measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Resource Depletion

The consumption of finite or non-renewable natural resources, leading to a reduction in their availability over time.