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Moving along a downward sloping linear demand curve from top to bottom, the point elasticity
of demand
is constant everywhere.
becomes more inelastic.
becomes more elastic.
changes randomly.
is constant everywhere.
becomes more inelastic.
becomes more elastic.
changes randomly.
Solution
Moving along a downward sloping linear demand curve from top to bottom, the point elasticity
of demand: becomes more inelastic.
The point elasticity of demand is elastic at the top portion and inelastic at the bottom part.
I hope my solution solves your query.
Moving along a downward sloping linear demand curve from top to bottom.docx

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Moving along a downward sloping linear demand curve from top to bottom.docx

  • 1. Moving along a downward sloping linear demand curve from top to bottom, the point elasticity of demand is constant everywhere. becomes more inelastic. becomes more elastic. changes randomly. is constant everywhere. becomes more inelastic. becomes more elastic. changes randomly. Solution Moving along a downward sloping linear demand curve from top to bottom, the point elasticity of demand: becomes more inelastic. The point elasticity of demand is elastic at the top portion and inelastic at the bottom part. I hope my solution solves your query.