Price elasticity is unit elastic at the midpoint of a linear, downward-sloping demand curve.

a.True
b.False

1 answer

a. true
Similar Questions
    1. answers icon 0 answers
  1. What does unitary elastic demand mean?The elasticity of demand is different at each unit on the price range. The demand is
    1. answers icon 1 answer
  2. The demand equation for a product is:q=60/p + ln(65-p^3) A) Determine the point of elasticity of demand when p=4, and classify
    1. answers icon 4 answers
    1. answers icon 2 answers
more similar questions