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.
B
Economics
You might also like to view...
Falling interest rates cause the market value of previously issued bonds to
a. rise. b. fall. c. remain unchanged. d. increase during periods of inflation but decline during periods of deflation.
Economics
Deregulation has dramatically decreased airline safety.
Answer the following statement true (T) or false (F)
Economics