TRUE OR FALSE QUESTION please explain the reason briefly （3 sentences） If the demand curve is a downward-sloping straight line, then the price elasticity of demand is constant all along the demand curve.

TRUE OR FALSE QUESTION please explain the reason briefly （3 sentences） If the demand curve is a downward-sloping straight line, then the price elasticity of demand is constant all along the demand curve.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 22RQ: What is the formula for line cross-price elasticity of demand?

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TRUE OR FALSE QUESTION please explain the reason briefly （3 sentences）

If the demand curve is a downward-sloping straight line, then the price elasticity of demand is constant all along the demand curve.

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