Linear demand curve below the midpoint is
A) elastic.
B) inelastic.
C) unitary elastic.
D) none of the above.

Name: Linear demand curve below the midpoint is A) elastic. B) inelastic. C) unitary elastic. D) none of the above.
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Question

Quizplus · Accepted Answer

Below the midpoint of a linear demand curve, the demand is inelastic, meaning that the percentage change in quantity demanded is less than the percentage change in price.

Linear Demand Curve Below the Midpoint Is