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tuggy tuggy
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6 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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tuggy Author
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#2
6 years ago
Thanks for helping on my microeconomics tutorial
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