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For a downward sloping straight-line demand curve, the absolute value of the own price elasticity along the demand curve: a

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For a downward sloping straight-line demand curve, the absolute value of the own price elasticity along the demand curve:

a. is constant since a straight-line demand curve has a constant slope.

b. is equal to twice the slope of the inverse demand curve.

c. increases as we move from lower price to higher price along the demand curve.

d. tells us how responsive suppliers are with respect to a price change.