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2.2.5 variation in price elasticity of demand along the length of a straight-line demand curve

Card 1 of 24

Why can a straight-line demand curve have changing PED?

A

Elasticity and slope both use absolute changes, which remain constant with the starting price and quantity.

B

Elasticity uses proportional changes, which vary with the starting price and quantity; slope uses absolute changes.

C

Elasticity and slope both use proportional changes, which vary with the starting price and quantity.

D

Elasticity uses absolute changes, which remain constant with the starting price and quantity; slope uses proportional changes.

Card 1 of 24

2.2.5 variation in price elasticity of demand along the length of a straight-line demand curve Flashcards

  1. Intl A Level
  2. /Economics
  3. /2.2.5 variation in price elasticity of demand along the length of a straight-line demand curve

24 flashcards on CIE Intl A Level Economics 2.2.5 variation in price elasticity of demand along the length of a straight-line demand curve: the key terms and definitions you need to recall.

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