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The flatter the demand curve through a given point, the

a. greater the price elasticity of demand at that point.

b. greater the absolute value of the change in total revenue when there is a movement from that point upward and to the left along the demand curve.

c. smaller the price elasticity of demand at that point.

d. closer the price elasticity of demand will be to the slope of the curve.

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Yusra Anees
Yusra AneesLv10
7 Jan 2021

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Related questions

Which of the following is correct?
 
A. In the case of all linear demand curves, the slope and the price elasticity of demand are equal at each point on the demand curve.
 
B. The slope of the demand curve is some constant value but the value of the price elasticity coefficient increases as we move down the demand curve.
 
C. The slope of the demand curve is some constant value but the value of the price elasticity coefficient decreases as we move down the demand curve.
 
D. There is no connection between the slope of the demand curve and the value of the price elasticity coefficient.

47. When a public transit system (such as a subway or bus line)raises its fares, it may experience an increase in total revenue.This suggests that demand is:
A) unstable.
B) price inelastic.
C) price elastic.
D) unit price elastic.
45. If the quantity demanded of agricultural output is veryunresponsive to a fall in price, the demand for agricultural outputis:
A) price elastic.
B) price inelastic.
C) positively sloped.
D) horizontal.
48. A constant price elasticity of demand curve is one whose:
A) slope is the same at every point on the curve.
B) price elasticity of demand is the same at every point on thecurve.
C) quantity is the same at every point on the curve.
D) price elasticity of demand and slope are the same at every pointon the curve.

49. Whenever supply increases, the resulting market price willalways be lower except:
A) when demand is perfectly price elastic (when the demand curve ishorizontal).
B) when demand is completely price inelastic (when the demand curveis vertical).
C) when supply is perfectly price inelastic (when the supply curveis vertical).
D) in the case of demand having unit price elasticitythroughout.

50. A demand curve that is perfectly inelastic:
A) will be vertical.
B) will be horizontal.
C) will be upward sloping.
D) has an elasticity equal to 1 everywhere on the curve.

If a straight-line demand curve slopes down, price elasticity will

A. Remain the same at all points on the demand curve.

B. Change between points along the demand curve.

C. Always be greater than 1.

D. Always equal 1.

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