Multiple Choice
Evaluate the following statements: (I) The slope of the demand curve is always equal to the elasticity of demand.
(II) Moving down alone a downward-sloping straight-line demand curve, the elasticity of demand fallf.
A) (I) and (II) are both true.
B) (I) is true and (II) is false.
C) (I) is false and (II) is true.
D) (I) and (II) are both false.
Correct Answer:
Verified
Correct Answer:
Verified
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