Author Question: If a straight-line demand curve slopes down, price elasticity will: a. remain the same at all ... (Read 105 times)

dbose · **on:** Jun 30, 2018

If a straight-line demand curve slopes down, price elasticity will:
a. remain the same at all points on the demand curve.
b. change between any two points along the demand curve.
c. always be greater than one.
d. always equal one.
e. always be less than one.

Question 2

If the quantity of bread demanded rises 2 percent when the price of bread declines 10 percent, then the price elasticity of demand is:
a. 0.2.
b. 1.
c. 2.
d. 10.
e. Cannot be determined.