The Price Elasticity of Demand for a Linear Demand Curve

question 26

Multiple Choice

The price elasticity of demand for a linear demand curve follows the pattern (moving from high prices to low prices)

• A)elastic,unit elastic,inelastic.
• B)unit elastic,inelastic,elastic.
• C)inelastic,unit elastic,elastic.
• D)elastic,inelastic,unit elastic.

---

Definitions:

Per-unit Tariff

A fixed fee imposed by a government on each unit of imported or exported goods.

Tariff Revenue

Income that a government receives from imposing duties on imported goods.

Foreign Producers

Companies or individuals that manufacture or provide services in one country for consumption in another country.

Domestic Producers

Local or national firms and individuals that produce goods and services within a country.