Multiple Choice
Which of the following statements is false?
A) A perfectly elastic demand curve is a constant-elasticity demand curve.
B) A linear demand curve with a slope of −4 is a constant-elasticity demand curve.
C) A perfectly inelastic demand curve is a constant-elasticity demand curve.
D) Total revenue increases along a unit-elastic demand curve.
E) The elasticity value for a perfectly elastic demand curve is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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