Price elasticity of demand along a linear demand curve

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    Ranges in absolute value from zero where the demand curve intersects the Y axis to infinity at the X axis.
     Ranges from minus infinity where the demand curve intersects the Y axis to zero at the X axis.
     Is unitary elastic (equal to minus 1) at the midpoint of the demand curve.
     Both 2 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Both 2 and 3.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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