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1.Suppose that the demand for cars can be represented by a straight line; i.e., a straight-line downward sloping demand curve.Is the price elasticity of demand
1.Suppose that the demand for cars can be represented by a straight line; i.e., a straight-line downward sloping demand curve.Is the price elasticity of demand constant along a straight line? Please, explain why or why not. On a related matter, could you picture a demand function with a constant unitary elasticity at every point? Regarding this last point, please, explain why this should be so.
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