Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 5 - Part II - Elasticity and its Application - Quick Check Multiple Choice - Page 108: 3

Answer

d) inelastic at some points and elastic at others

Work Step by Step

A linear, download-sloping demand curve is elastic for the upper portion of curve. It is unit-elastic at its midpoint and inelastic for the lower portion of the curve.
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