When a demand curve is linear,
A. the elasticity is constant at all prices.
B. demand is elastic at high prices.
C. demand is unitary elastic at low prices.
D. the elasticity is the same as the slope of the demand curve.
Answer: B
You might also like to view...
The table above gives information about the economy of Spain. If the growth rate in 1998 is maintained, real GDP will double in ________ years
A) 10 B) 18 C) 19 D) 4 E) 25
The Great Depression changed the prevailing thinking about economics
a. True b. False Indicate whether the statement is true or false
In July 2020, $1 was worth 45 Indian rupees and in July 2020, $1 was worth 55 Indian rupees. We can therefore conclude that
A. the Indian rupee depreciated. B. the value of the U.S. dollar has fluctuated. C. the Indian rupee appreciated. D. the U.S. dollar has depreciated.
The building of a production plant in China by an American firm best illustrates a(n):
A. trade flow. B. resource flow. C. financial flow. D. information flow.