The Price Elasticity of Demand of a Straight-Line Demand Curve

question 89

Multiple Choice

The price elasticity of demand of a straight-line demand curve is

• A)elastic in high-price ranges and inelastic in low-price ranges.
• B)elastic but does not change at various points on the curve.
• C)inelastic but does not change at various points on the curve.
• D)1 at all points on the curve.

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