If the demand curve is linear and downward-sloping, which of the following would NOT be correct?
A)the upper part of the demand curve is more elastic than the lower part
B)elasticity will change with a movement down the curve
C)the lower part of the demand curve will be less elastic than the upper part
D)elasticity and slope will both remain constant along the curve

Question

Quizplus · Accepted Answer

If the demand curve is linear and downward-sloping, elasticity and slope will both remain constant along the curve. This is because the slope of a linear demand curve is constant and elasticity is calculated as the percentage change in quantity demanded divided by the percentage change in price, which is the same along a linear demand curve. Therefore, options A, B, and C are incorrect.

If the Demand Curve Is Linear and Downward-Sloping, Which of the Following