Demand curves with constant slopes must have different own-price elasticities as one moves along the demand curve.

Name: Demand curves with constant slopes must have different own-price elasticities as one moves along the demand curve.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

The own-price elasticity of demand varies along a linear demand curve because it depends on the ratio of changes in quantity to changes in price, which changes at different points along the curve even if the slope is constant.

Demand Curves with Constant Slopes Must Have Different Own-Price Elasticities