If the Demand Curve Is Linear and Downward Sloping,which of the Following

question 294

Multiple Choice

If the demand curve is linear and downward sloping,which of the following statements is not correct?

• A)Demand is more elastic on the lower part of the demand curve than on the upper part.
• B)Different pairs of points on the demand curve can result in different values of the price elasticity of demand.
• C)Different pairs of points on the demand curve result in identical values of the slope of the demand curve.
• D)Starting from a point on the upper part of the demand curve,an increase in price leads to a decrease in total revenue.

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Definitions:

Urinate

The process of excreting urine from the bladder through the urethra to the outside of the body.

Respiratory Acidosis

A medical condition characterized by decreased blood pH due to the accumulation of carbon dioxide as a result of respiratory dysfunction.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Bicarbonate

A salt-containing the anion HCO3, involved in the buffering of pH levels in the blood and other fluids of the body.