For a linear demand curve:
A) elasticity is constant along the curve.
B) elasticity is unity at every point on the curve.
C) demand is elastic at low prices.
D) demand is elastic at high prices.

Question

Quizplus · Accepted Answer

For a linear demand curve, elasticity varies along the curve. At high prices, the percentage change in quantity demanded is relatively large compared to the percentage change in price, making demand elastic.

For a Linear Demand Curve