The elasticity of a straight-line demand curve is the same as its slope.

Name: The elasticity of a straight-line demand curve is the same as its slope.
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Question

Quizplus · Accepted Answer

The elasticity of demand measures the responsiveness of quantity demanded to a change in price, which is not the same as the slope of the demand curve. The slope is the rate of change of price with respect to quantity, while elasticity takes into account the percentage change in quantity demanded relative to the percentage change in price.

The Elasticity of a Straight-Line Demand Curve Is the Same