Along a straight line downward sloping demand curve, elasticity is Constant but its value cannot be determined without measureme

Question

3 years ago

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Along a straight line downward sloping demand curve, elasticity is Constant but its value cannot be determined without measureme

nt
A) Constant and equal to an absolute value of one
B) Greater at higher price
C) Greater at lower price
D) Greater in the middle

Business

1 answer:

N76 [4] · Answer 1 · 2022-05-26T12:02:43+03:00

Answer:

(A) Constant and equal to an absolute value of one

Explanation:

The elasticity is diverse at each point on a demand curve with a consistent slope. The reason is that the "slope and elasticity" are various ideas. Incline estimates the steepness or evenness of a line as far as the estimation units for cost and amount. Elasticity determines the general reaction of the number of changes in price. Elasticity is diverse for each section on the interest bend. Although the slant is steady for this straight-line request bend, Elasticity is NOT.