Which of the Following Statements Concerning the Slope and Price

question 24

Multiple Choice

Which of the following statements concerning the slope and price elasticity of demand along a straight-line demand curve is correct?

• A)Slope measures the change in quantity resulting from a one-dollar change in price.
• B)Elasticity measures the percent change in price resulting from a one-percent change in quantity demanded.
• C)Slope measures the dollar change in price for a one-unit change in quantity demanded.
• D)Elasticity measures the unit change in quantity demanded resulting from a one-dollar change in price.
• E)Slope measures the percent change in price resulting from a one-percent change in quantity demanded.

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