Q
If demand is linear (a straight line) then price elasticity of demand is ?
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A
A. Elastic in the upper portion and inelastic in the lower portion
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B
B. Inelastic in the upper portion and elastic in the lower portion
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C
C. Inelastic throughout
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D
D. Constant along the demand curve
Correct Answer:
A. A. Elastic in the upper portion and inelastic in the lower portion