Along a straight-line demand curve the
a. slope is constant.
b. ratio P/Q constantly changes.
c. elasticity grows much smaller toward the right-hand end.
d. All of the above are correct.
d
Economics
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In games without dominant strategies the Nash equilibrium can be found by using:
a. the cooperation vs. grim trigger strategy. b. the chain-store paradox. c. the principle of backward induction. d. the method of iterated elimination of dominated strategies.
Economics
Which has a more elastic demand: hamburger or beef?
What will be an ideal response?
Economics