Author Question: Along a linear demand curve, as the price increases from zero, a. demand decreases b. demand ... (Read 45 times)

mspears3 · **on:** Jul 1, 2018

Along a linear demand curve, as the price increases from zero,
a. demand decreases
b. demand increases
c. quantity demanded increases
d. total revenue first increases but eventually decreases
e. total revenue first decreases but eventually increases

Question 2

Along a linear demand curve,
a. both the slope and price elasticity are constant
b. the price elasticity is constant, but the slope varies
c. total revenues are constant
d. the slope is constant, but the price elasticity varies
e. total revenues are negative