The price elasticity of demand is different at different points on the linear demand curve. Arrange the elasticity point on a downward sloping (left to right) demand curve.
(A). $|e_D| = 0$
(B). $|e_D| = 1$
(C). $|e_D| > 1$
(D). $|e_D| < 1$
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (C), (B), (D), (A)
(C). $|e_D| > 1$
(B). $|e_D| = 1$
(D). $|e_D| < 1$
(A). $|e_D| = 0$
