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djnextlevel djnextlevel
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A year ago
With a downward-sloping straight-line demand curve, price elasticity of demand is

▸ constant everywhere on it.

▸ rising continuously with price increases.

▸ decreasing continuously with price increases.

▸ increasing to the midpoint of the curve and then decreasing.

▸ indeterminate.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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bijin05bijin05
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A year ago
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