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
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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