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