In a linear demand curve _______.?

Question

a.) demand is elastic at low prices

b.) demand is inelastic at high prices

c.) elasticity is the same at all points on the demand curve

d.) elasticity varies along the entire length of the demand curve

Answer 1

C

A: Elasticity cannot change between price levels if it is linear, it is either elastic at all levels or it is not.

B: See A

C: Since there will be the same relationship between each point on the curve, elasticity stays the same, since elasticity tracks the relation between points on a curve. (Since it is all about Quantity/Price ration).

D: See C

Answer 2

Um, all of thee above.

Same

Answer 3

d.) elasticity varies along the entire length of the demand curve

(for linear downward sloping demand curve)

But for horizontal or vertical linear demand curves "C" is right - but stick on "D" in your case because it is common demand type.