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If the slope of a demand curve is constant, then we know that

toripollard8

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If the slope of a demand curve is constant, then we know that

Question 1.

Within the range of prices around the midpoint on a straight-line demand curve, demand is

• unit-elastic.

• elastic.

• inelastic.

• zero.

Question 2.

If the slope of a demand curve is constant, then we know that

• elasticity of demand is inelastic everywhere.

• elasticity of demand is constant and elastic.

• elasticity of demand varies along the demand curve.

• elasticity of demand is also elastic everywhere.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 57 times

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johnsyke

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More solutions for this book are available here

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toripollard8 Author

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Thanks

jmendoza

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Correct

kevin12323h

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Helped a lot

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