A linear, downward-sloping demand curve is: a

Economics Dec 08, 2020

A linear, downward-sloping demand curve is:

a. Inelastic,

b. Unit elastic,

c. Elastic,

d. Inelastic at some points, and elastic at others.

Expert Solution

Answer:

The correct answer is (d) Inelastic at some points, and elastic at others.

Explanation:

The downward-sloping demand curve that is linear means that the demand on the demand curve will vary and can be elastic at some points whereas it can be inelastic at some other points. The price and demand for the good share inverse relationship that means if the price is high then the demand will be low and vice versa.

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