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Unit elastic
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Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
Along a linear demand curve as the price rises demand becomes more?
elastic
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Movement along a demand curve?
explain graphically the movement along the demand curve
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
Along a linear demand curve as the price rises demand becomes more?
elastic
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Movement along a demand curve?
explain graphically the movement along the demand curve
What are linear inches?
A linear inch is a measurement of distance, usually along a straight line.
What does linear measurment mean?
Linear is "in a line" so linear measurements are length.
A function in which points lie along a line is?
linear
Does the change in consumer tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
What is a linear foot measurement?
Linear means in a line. Therefore, one linear foot is just 12 inches measured along a straight line.
Is utility constant along a demand curve?
utility is not constant along the demand curve
