If a Straight-Line Demand Curve Slopes Down,price Elasticity Will Not

question 83

Multiple Choice

If a straight-line demand curve slopes down,price elasticity will not:

• A)remain the same at all points on the demand curve.
• B)change between any two points along the demand curve.
• C)always be greater than one.
• D)always equal one.
• E)always be less than one.

---

Definitions:

Invest

Deploying resources, specifically money, with the target of income or profit realization.

One-time Payment

A single financial transaction, often made for a specific purpose or to settle a liability.

Rate of Interest

The percentage of the principal amount charged by lenders for the use of their money or paid by banks on deposits over a specified time period.

Doubled

To increase something by 100%, making it twice as large or twice as much in quantity.