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Answer to Question #311901 in Macroeconomics for Hes

Question #311901

12. Could a straight-line demand curve ever have the same elasticity on all its points?

1
Expert's answer
2022-03-15T10:29:34-0400

No two points on a straight-line demand curve have the same elasticity. The price elasticity of demand is different at each point on a demand curve with constant slope. The reason is that slope and elasticity are different concepts


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