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Which of the following statements is true about the price elasticity of demand along a downward sloping linear demand curve? Group of answer choices It
Which of the following statements is true about the price elasticity of demand along a downward sloping linear demand curve?
Group of answer choices
It is inelastic at high prices and elastic at low prices.
It is unit-elastic throughout the demand curve.
It is elastic at high prices and inelastic at low prices.
The slope of a downard linear curve changes constantly but the elasticity of demand stays constand over all sectoins of the curve.
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