A linear, downward-sloping demand curve is a. inelastic. b. unit elastic. c. elastic. d. inelastic at some points, and elastic at others

Understand the Problem

The question is asking about the elasticity of a linear demand curve and the options provided describe different types of elasticity such as inelastic, unit elastic, and elastic. It seeks to identify the correct answer regarding how a linear demand curve behaves in terms of elasticity.

More Information

As you move along a linear demand curve, the elasticity changes. Close to the vertical axis, where the price is high and quantity is low, the curve tends to be elastic. As you move downwards, elasticity decreases and it becomes inelastic.

Tips

A common mistake is to assume that elasticity does not change along a linear demand curve. Remember that elasticity is not constant along a linear demand curve.

Sources

• A linear, downward-sloping demand curve is: a. Inelastic, b. Unit ... - homework.study.com
• Solved A linear, downward-sloping demand curve is O a. unit - Chegg - chegg.com