Along a straight-line demand curve:
A. both the slope and the price elasticity are constant.
B. the slope is constant but the price elasticity is not.
C. the slope is not constant, but the price elasticity is.
D. neither the slope nor the price elasticity is constant.
B. the slope is constant but the price elasticity is not.
Economics
You might also like to view...
Recent estimates put the size of the underground economy in the United States at ________ of measured GDP
A) 2 percent B) 8 percent C) 13 percent D) over 50 percent
Economics
Refer to the above figure. Which panel represents what happens in the foreign job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics