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please review this answer Price elasticities of demand can never be constant along the demand curve. True Price elasticity changes depending upon the position of
please review this answer
Price elasticities of demand can never be constant along the demand curve.
True
Price elasticity changes depending upon the position of the demand curve along the demand curve. For example, on the top of the demand curve, increase in price will lead to decrease in demand and at the bottom of the demand curve decrease in price lead to increase in demand.
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