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If a straight-line demand curve slopes down, price elasticity will

a. remain the same at all points on the demand curve.

b. change between points along the demand curve.

c. always be the greater than 1.

d. always equal to 1.

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Anne Gillian Duero
Anne Gillian DueroLv10
24 Oct 2020

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Related questions

The labor demand curve of a purely competitive seller:

a. slopes downward because the elasticity of demand is always less than unity.

b. slopes downward because of diminishing marginal utility.

c. slopes downward because of diminishing marginal productivity.

d. is perfectly elastic at the going wage rate

Which of the following statements about price elasticity of demand is false?
Ā 
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
Ā 

When marginal revenue is zero for a monopolist with a downward-sloping straight-line demand curve, the price elasticity of demand is

a. greater than 1.

b. equal to 1.

c. less than 2.

d. equal to 0.Ā 

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