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a linear downward-sloping demand curve has price elasticities (in absolute values) that

A. Increase as prices decrease

B. remain constant along the demand curve

C. decrease as price decreases

D. Are greater than or equal to 1. 

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Darryn D'Souza
Darryn D'SouzaLv10
29 Aug 2020

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Related questions

which of the following is not a necessary condition of price discrimination?

A. preventing the resale of the product

B. downward sloping demand curve

C. different consumer groups with different price elasticities of demand

D. having a constant marginal cost

Which of the following statements about price elasticity of demand is false?
 
a) The value of price elasticity of demand is the reciprocal of the value of the demand curve's slope
b) If quantity demanded changes by a larger percentage than the percentage change in price, demand is elastic
c) The value of price elasticity of demand along a downward sloping demand curve is always negative
d) A linear downward sloping demand curve has a varying price elasticity coefficient
 
For a given downward-sloping demand curve, a decrease in supply will cause a(n):
a. increase in quantity and increase in price
b. increase in quantity and decrease in price
c. decrease in quantity and increase in price
d. decrease in quantity and decrease in price

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