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Timmedria Houston
on Oct 08, 2024

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A linear demand curve has a constant elasticity over the full range of the curve.

Linear Demand Curve

A demand curve that shows a straight-line relationship between price and quantity demanded, suggesting a constant rate of change.

Constant Elasticity

refers to a condition in economics where the elasticity of a function, such as demand or supply, remains constant along the curve, indicating a proportional and consistent reaction to changes in other variables.

  • Comprehend the principle of price elasticity of demand and its impact on revenue and employment.
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brent edwardsOct 10, 2024
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