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Figure 6-4 -Which of the Following Statements Is True About the Price

Question 154

Multiple Choice

Figure 6-4 Figure 6-4 -Which of the following statements is true about the price elasticity of demand along a downward-sloping linear demand curve? A) It is inelastic at high prices and elastic at low prices. B) It is unit-elastic throughout the demand curve. C) It is elastic at high prices and inelastic at low prices. D) It is perfectly elastic at very high prices and perfectly inelastic at very low prices.
-Which of the following statements is true about the price elasticity of demand along a downward-sloping linear demand curve?


A) It is inelastic at high prices and elastic at low prices.
B) It is unit-elastic throughout the demand curve.
C) It is elastic at high prices and inelastic at low prices.
D) It is perfectly elastic at very high prices and perfectly inelastic at very low prices.

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