If the Demand Curve Is Linear and Downward Sloping,which of the Following

question 294

Multiple Choice

If the demand curve is linear and downward sloping,which of the following statements is not correct?

• A)Demand is more elastic on the lower part of the demand curve than on the upper part.
• B)Different pairs of points on the demand curve can result in different values of the price elasticity of demand.
• C)Different pairs of points on the demand curve result in identical values of the slope of the demand curve.
• D)Starting from a point on the upper part of the demand curve,an increase in price leads to a decrease in total revenue.

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Definitions:

Bile

A digestive fluid produced by the liver and stored in the gallbladder, involved in the emulsification and absorption of fats in the small intestine.

Functions

The natural purpose or activities specific to a person, organ, system, or entity.

Liver

A vital organ in vertebrates responsible for detoxification, protein synthesis, and the production of biochemicals necessary for digestion, among other functions.

Seven

A number; not a biological science key-term.