Exhibit 4-A -Refer to Exhibit 4-A.Along a Linear Demand Curve, Price Elasticity

question 38

Multiple Choice

Exhibit 4-A
-Refer to Exhibit 4-A.Along a linear demand curve, price elasticity of demand is:

• A)constant.
• B)more elastic to the northwest than to the southeast.
• C)less elastic to the northwest than to the southeast.
• D)always equal to one.
• E)always equal to zero.

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