For a Linear Demand Curve

question 75

Multiple Choice

For a linear demand curve:

• A) elasticity is constant along the curve.
• B) elasticity is unity at every point on the curve.
• C) demand is elastic at low prices.
• D) demand is elastic at high prices.

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Definitions:

Cofactor

Nonprotein assistant required by an enzyme in order to function. Many cofactors are metal ions; others are coenzymes.

Inhibitor

A substance that slows down or prevents a particular chemical reaction or other process.

Activated

The state of being turned on or made active, often referring to a chemical or biological process.

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.