Along a straight-line demand curve, elasticity:

A. rises as price rises.
B. declines as price rises.
C. is always zero.
D. is equal to slope.


Answer: A

Economics

You might also like to view...

In some cases, specialization allows larger factories to produce goods at a lower average cost than smaller factories

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following is NOT a way of internalizing technology spillovers?

a. subsidies b. patent protection c. industrial policy d. taxes

Economics

At which point is society producing some of each type of structure but still producing inefficiently? (See Figure 1.1.) 

A. A. B. B. C. C. D. D.

Economics

The money income of households consists of all the following, except

What will be an ideal response?

Economics