Multiple Choice
Assume that the demand curve for sunblock is linear and downward sloping.Which of the following statements about the slope of the demand curve for sunblock and the price elasticity of demand for sunblock is true?
A) The slope and the price elasticity of demand are constant at all points along the demand curve for sunblock.
B) The slope is constant, but the price elasticity of demand is not constant at all points along the demand curve for sunblock.
C) The slope is not constant, but the price elasticity of demand is constant at all points along the demand curve for sunblock.
D) The slope of the demand curve for sunblock is constant and equal to zero; demand is perfectly inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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