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Question

Which among the following statement is INCORRECT?

[A] On a linear demand curve, all the five forms of elasticity can be depicted’
[B] If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection.
[C] If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves
[D] The price elasticity of demand is expressed in terms of relative not absolute, changes in Price and quantity demanded’
Answer & Explanation

Answer: If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection.

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