Evaluate the Following Statements

question 242

Multiple Choice

Evaluate the following statements:
I.The slope of the demand curve is always equal to the elasticity of demand.
II.Moving down along a downward-sloping, straight-line demand curve, the elasticity of demand falls.
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• 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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