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.

---

Definitions:

Regulate Heart Rate

The adjustment of the frequency of heartbeats, controlled by the autonomic nervous system and various hormones.

Corpus Callosum

A large band of neural fibers connecting the two hemispheres of the brain, facilitating communication between the two sides.

Commissural Fibers

Axons that connect the left and right cerebral hemispheres of the brain, facilitating communication between them.

Cerebral Hemisphere

One of the two halves of the brain, either left or right, that control various functions such as speech, movement, and thought.