Q. In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
A. 0
B. 1
C. 1.5
D. 2
Answer: 1
We will be happy to hear your thoughts
Q. In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
A. 0
B. 1
C. 1.5
D. 2
Answer: 1
