Consider the following types of demand curves:
A.a vertical demand curve
B.a horizontal demand curve
C.a linear downward-sloping demand curve
Which of the demand curves listed exhibits a price elasticity of demand coefficient that remains constant along the demand curve?
A)a only
B)b only
C)a and b only
D)a, b, and c

Question

Quizplus · Accepted Answer

The price elasticity of demand coefficient remains constant along a linear demand curve.

Consider the Following Types of Demand Curves