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Author Question: On a linear demand curve, the lower the price, A) the less elastic is demand. B) the more ... (Read 64 times)

BRWH

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on: Jul 1, 2018
On a linear demand curve, the lower the price,
 
  A) the less elastic is demand.
  B) the more elastic is demand.
  C) the elasticity equals -1.
  D) the elasticity equals zero.

Question 2

The cross price elasticity of demand between two goods will be positive if
 
  A) the two goods are complements.
  B) the two goods are substitutes.
  C) the two goods are luxuries.
  D) one of the goods is a luxury and the other is a necessity.
Microeconomics ¦ Perloff ¦ 8th Edition
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komodo7

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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