Along a Straight-Line Demand Curve (Dropping All Minus Signs), the Price

question 160

Multiple Choice

Along a straight-line demand curve (dropping all minus signs) , the price elasticity of demand

• A)gets larger as quantity demanded gets larger.
• B)gets smaller as quantity demanded gets larger.
• C)always equals one.
• D)is constant (though not necessarily equal to one).

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Definitions:

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A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

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