Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A)In the case of a linear demand curve, the slope and the price elasticity of demand are equal at each point on the demand curve.
• B)The slope of the demand curve is some constant value, but the value of the price elasticity coefficient decreases as we move down the demand curve.
• C)The slope of the demand curve is some constant value, but the value of the price elasticity coefficient increases as we move down the demand curve.
• D)There is no connection between the slope of the demand curve and the value of the price elasticity coefficient.

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