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1. |
Which among the following statement is INCORRECT? |
A. | n a linear demand curve, all the five forms of elasticity can be depicted |
B. | f two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection. |
C. | f two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves. |
D. | he price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded. |
Answer» D. he price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded. | |