The Slope of a Demand Curve Is Not Used to Measure

question 206

Multiple Choice

The slope of a demand curve is not used to measure the price elasticity of demand because

• A)the slope of a linear demand curve is not constant.
• B)the slope of a line cannot have a negative value.
• C)the measurement of slope is sensitive to the units chosen for price and quantity.
• D)the slope of the demand curve does not tell us how much quantity changes as price changes.

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Definitions:

Chicken Tactic

A negotiation strategy where one party adopts a dangerous or risky position in the hope that the opposing party will yield or concede first.

Bluff

A strategy in negotiations or games where one pretends to have a stronger position or intent than is actually true.

Deadline

A fixed or set time by which something must be completed or submitted.

Disruptive Action Tactics

Strategies intended to disrupt or destabilize the status quo in negotiations or competitions, to gain advantage.