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 less elastic on the steeper demand curve
D)all are true

Question

Quizplus · Accepted Answer

On a linear demand curve, the slope determines the elasticity. Steeper the slope, the less elastic the demand. So, at the same price, demand is less elastic on the steeper demand curve.

Which of the Following Is True