20. On the different points of same demand curve elasticity of demand is
a. Equal
b. Increases
c. Different
d. None
Answers
Answered by
14
Answer:
The price elasticity of demand is the ratio of the percentage change in quantity to the percentage change in price. As we will see, when computing elasticity at different points on a linear demand curve, the slope is constant—that is, it does not change—but the value for elasticity will change.
Similar questions