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