As one moves southeast on a linear demand curve
A) demand becomes more elastic.
B) demand becomes more inelastic.
C) elasticity stays the same.
D) one cannot tell what happens to elasticity unless the slope of demand is known.
Correct Answer:
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Q13: The income consumption curve
A)always goes through the
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Q15: The Engel curve for a Giffin good
A)slopes
Q17: The demand curve for a Giffin good
A)slopes
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Q19: The formula for elasticity is given by
A)ΔQ/Q/ΔP/P.
B)(Q/P)(slope).
C)(P/Q)(slope).
D)(Q/P)(1/slope).
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Q21: A linear demand curve
A)can have constant elasticity
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