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For a straight-line downward-sloping demand curve, price elasticity of demand

ogf78

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6 months ago

For a straight-line downward-sloping demand curve, price elasticity of demand

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increases as we move down along the demand curve from higher to lower prices.

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decreases as we move down along the demand curve from higher to lower prices.

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remains constant along the entire demand curve.

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a or b depending on the actual slope of the demand curve

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Economics

Edition: 12^th

Author: Arnold

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Ms T.

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