Multiple Choice
Which of the following statements is true about a downward-sloping demand curve that is a straight line?
A) The slope and the elasticity are the same at all points.
B) The slope remains the same, but elasticity rises as you move down the demand curve.
C) The slope remains the same, but elasticity falls as you move down the demand curve.
D) The slope and the elasticity fall as you move down the demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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