Evaluate the Following Statements

question 122

Multiple Choice

Evaluate the following statements:
I.The slope of the demand curve is always equal to the elasticity of demand.
II.Moving down along a downward-sloping,straight-line demand curve,the elasticity of demand falls.

• A) (I) and (II) are both true.
• B) (I) is true and (II) is false.
• C) (I) is false and (II) is true.
• D) (I) and (II) are both false.

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Definitions:

Categorical Syllogism

A form of deductive reasoning consisting of three propositions: a major premise, a minor premise, and a conclusion, where each proposition involves a classification of things.

Middle Term

In syllogistic logic, it is the term that appears in both premises of a categorical syllogism but not in the conclusion, serving as a bridge between the major and minor terms.

Premises

Statements or reasons offered in support of a conclusion in an argument, serving as the foundation for the logical structure.

Major Term

In a syllogism, the predicate of the conclusion that appears in one of the premises.