Which of the following is true?
A)on a linear demand curve, the higher the price the more elastic is demand
B)on a linear demand curve, elasticity is constant
C)at the same price demand is more elastic on the steeper demand curve
D)none are true

Question

Quizplus · Accepted Answer

On a linear demand curve, elasticity varies along the curve, and demand is more elastic at higher prices and less elastic at lower prices.

Which of the Following Is True