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Author Question: A demand curve that has constant price elasticity of demand coefficient equals to one at all points ... (Read 55 times)

Pineappleeh

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on: Jun 30, 2018
A demand curve that has constant price elasticity of demand coefficient equals to one at all points is a(n):
 a. rectangular hyperbola.
  b. downward-sloping straight line.
  c. upward-sloping straight line.
  d. none of these.

Question 2

A perfectly elastic demand curve has a price elasticity of demand coefficient of:
 a. zero.
  b. 1.
  c. greater than 1, but less than infinity.
  d. less than 1, but greater than zero.
  e. infinity.


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Jadwiga9

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


Pineappleeh

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
Excellent

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