A Linear Demand Curve Will Have Absolute Values of the Coefficient

question 174

Multiple Choice

A linear demand curve will have absolute values of the coefficient of price elasticity that:

• A) exist only for a portion of the curve; on some portions elasticity cannot be measured.
• B) are all less than 1.
• C) are all equal to 1.
• D) range from less than 1 to greater than 1.

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