Evaluate the Following Statements: (I) the Slope of the Demand

question 175

Multiple Choice

Evaluate the following statements: (I) The slope of the demand curve is always equal to the elasticity of demand.
(II) Moving down alone a downward-sloping straight-line demand curve, the elasticity of demand fallf.

• A)(I) and (II) are both true.
• B)(I) is true and (II) is false.
• C)(I) is false and (II) is true.
• D)(I) and (II) are both false.

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Definitions:

Injured

This term typically refers to physical harm or damage suffered by a person or entity, not usually a key term in a financial or business context, so NO.

State Unemployment

A program providing financial assistance to unemployed workers from their state government.

Federal Unemployment Taxes

Taxes paid by employers to the federal government to fund unemployment benefits for workers who lose their jobs.

Payroll Tax Expense

Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes.