What is the price elasticity of demand, if the demand curve is a straight line?
(a) Elastic throughout
(b) Inelastic throughout
(c) Constant along the demand curve
(d) Elastic in the upper portion and inelastic in the lower portion
(e) Inelastic in the upper portion and elastic in the lower portion.
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elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis to below the midpoint of a straight line demand curve elasticity is less than one and the frame wants to rice price to increase total revenue
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