A linear demand curve has a:
A) slope equal to that of its elasticity.
B) constant slope, but changing elasticity.
C) changing slope, but constant elasticity.
D) constant slope and a constant elasticity, but they need not be equal.

Question

Quizplus · Accepted Answer

The slope of a linear demand curve is constant, but its elasticity varies at different points along the curve. Elasticity measures the responsiveness of quantity demanded to a change in price, and for a linear demand curve, this responsiveness changes as you move along the curve.

A Linear Demand Curve Has A