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In Business / College | 2025-07-04

A linear, downward-sloping demand curve is
A. unit elastic
B. elastic
C. inelastic at some points, and elastic at others
D. inelastic

Asked by nemofish1888

Answer (2)

A linear, downward-sloping demand curve exhibits varying elasticity, being elastic at higher prices and inelastic at lower prices. Therefore, the best answer to the question is that it is inelastic at some points and elastic at others. This reflects how demand responds differently to price changes across its range.
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Answered by Anonymous | 2025-07-04

A linear, downward-sloping demand curve has varying elasticity at different points. It is elastic at higher prices and inelastic at lower prices. Hence, the correct answer is that it is inelastic at some points and elastic at others. ;

Answered by GinnyAnswer | 2025-07-04

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