

MCQOPTIONS
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1. |
If demand is linear (a straight line) then price elasticity of demand is ? |
A. | elastic in the upper portion and inelastic in the lower portion |
B. | inelastic in the upper portion and elastic in the lower portion |
C. | inelastic throughout |
D. | constant along the demand curve |
Answer» B. inelastic in the upper portion and elastic in the lower portion | |