Identify the Correct Statement About the Price Elasticity of Demand

question 43

Multiple Choice

Identify the correct statement about the price elasticity of demand and the demand curve for a good.

• A)The slope of the demand curve is always equal to the elasticity of demand.
• B)Moving down along a downward-sloping, linear demand curve, the elasticity of demand increases.
• C)The flatter the demand curve passing through a given point, the more elastic the demand.
• D)The steeper the demand curve passing through a given point, the more elastic the demand.
• E)The price elasticity of demand is, in theory, always positive.

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