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Which of the Following Is Correct? I

Question 116

Multiple Choice

Which of the following is correct? i. All linear demand curves have a constant slope and a constant price elasticity of demand.
Ii) The price elasticity of demand changes while moving along a downward-sloping linear demand curve.
Iii) The magnitude of the slope of all linear demand curves is equal to the price elasticity of demand.


A) i only
B) i, ii and iii
C) iii only
D) i and ii
E) ii only

Correct Answer:

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