Multiple Choice
A demand curve that is the shape of a rectangular hyperbola
A) has the same elasticity as a straight- line demand curve.
B) is elastic over the whole curve.
C) is unit elastic over the whole curve.
D) is inelastic over the whole curve.
E) has an elasticity of 100% over the whole curve.
Correct Answer:
Verified
Correct Answer:
Verified
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