For a linear demand line the slope is constant and so is


For a linear demand line, the slope is constant and so is inverse of the slope. Why then the price elasticity of demand different at each point on the demand curve?

Solution Preview :

Prepared by a verified Expert
Business Management: For a linear demand line the slope is constant and so is
Reference No:- TGS01647360

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)