B) a price elasticity of demand that is different at all prices.C) unit price elasticity of demand at all prices.D) infinite price elasticity of demand.On a linear demand curve that intersects both axes,
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On a straight-line downward-sloping demand curve, the maximum elasticity of demandoccursA) where it intersects the supply curve.B) at its vertical intercept.C) at its horizontal intercept.D) at its midpoint.
A straight-line demand curve with negative slope intersects the horizontal axis at 100 tonsperweek. At the midpoint on the demand curve (corresponding to 50 tons per week) thepriceelasticity of demand is
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