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Evaluate the Following Statements

Question 242

Multiple Choice

Evaluate the following statements:
I.The slope of the demand curve is always equal to the elasticity of demand.
II.Moving down along a downward-sloping, straight-line demand curve, the elasticity of demand falls.


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.

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