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Which among the following statement is INCORRECT? A. On a linear demand curve, all the five forms of elasticity can be depicted If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be В. same on different demand curves

Which among the following statement is INCORRECT? A. On a linear demand curve, all the five forms of elasticity can be depicted If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be В. same on different demand curves

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which among the following statement is INCORRECT? On a linear demand curve, all the five forms of elasticity can be А. depicted If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be В. same on different demand curves at the point of intersection. С. If 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. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
Transcribed Image Text:Which among the following statement is INCORRECT? On a linear demand curve, all the five forms of elasticity can be А. depicted If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be В. same on different demand curves at the point of intersection. С. If 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. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
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