Which of the following is true?
A)on a linear demand curve, the higher the price the less 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, not remaining constant, and elasticity does not depend on the steepness of the demand curve in the way described.

Which of the Following Is True