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Other Fields Homework Help Economics Topic started by: tuggy on May 22, 2017



Title: Which of the following statements correctly differentiates between the slope of the demand curve and ...
Post by: tuggy on May 22, 2017
Which of the following statements correctly differentiates between the slope of the demand curve and price elasticity of demand along a linear demand curve?
A) The price elasticity of demand for a good is the same at different points on the demand curve, whereas the slope of the demand curve varies depending on the point where it is measured.
B) The price elasticity of demand for a good varies along the demand curve, whereas the slope of the demand curve remains the same at different points on the curve.
C) The price elasticity of demand is a ratio, whereas the slope of a demand curve is a product.
D) The price elasticity of demand is a product, whereas the slope of a demand curve is a ratio.


Title: Re: Which of the following statements correctly differentiates between the slope of the demand curve ...
Post by: lostein on May 22, 2017
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Title: Re: Which of the following statements correctly differentiates between the slope of the demand curve and ...
Post by: tuggy on Jul 7, 2017
Thanks for helping on my microeconomics tutorial