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Use the Following Two Statements to Answer This Question

Question 61

Multiple Choice

Use the following two statements to answer this question:
I. The price elasticity of demand is constant along the entire length of a linear demand curve.
II. The price elasticity of demand is the special name that economists give to the slope of a demand curve.


A) I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) I and II are false.

Correct Answer:

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