At the midpoint of a downward-sloping,linear demand curve for a good,the price elasticity of demand for the good is ________.
A) equal to zero
B) between zero and one
C) equal to one
D) greater than one

Question

Quizplus · Accepted Answer

At the midpoint of a linear demand curve, the slope (or price) and quantity are equally responsive, resulting in a price elasticity of demand of 1 (unit elastic).

At the Midpoint of a Downward-Sloping,linear Demand Curve for a Good,the