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Along a Linear Demand Curve, as Price Falls

Question 71

Multiple Choice

Along a linear demand curve, as price falls,:


A) the price elasticity of demand is constant, but the slope of demand falls.
B) the price elasticity of demand approaches zero, but the slope is constant.
C) the price elasticity of demand moves away from zero.
D) the price elasticity is the same as the slope of the demand curve.

Correct Answer:

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