Which of the Following Statements About the Price Elasticity of Demand

question 117

Multiple Choice

Which of the following statements about the price elasticity of demand along a downward-sloping linear demand curve is true?

• A)It is inelastic at high prices and elastic at low prices.
• B)It is unit elastic throughout the demand curve.
• C)It is elastic at the highest prices and inelastic at the lowest prices.
• D)It is perfectly elastic at very high prices and perfectly inelastic at very low prices.

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