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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
  5. Question
    At the Midpoint of a Linear,downward-Sloping Demand Curve,the Price Elasticity
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At the Midpoint of a Linear,downward-Sloping Demand Curve,the Price Elasticity

Question 114

Question 114

Multiple Choice

At the midpoint of a linear,downward-sloping demand curve,the price elasticity of demand is


A) greater than one.
B) equal to one.
C) less than one but greater than zero.
D) zero.
E) infinite.

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