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Economics

1. Price elasticity of demand is constant along a linear demand curve.

2. If a 10% fall in the price of bagels results in 20% increase in the quantity of bagels demanded, then the price elasticity of demand of bagels is 0.2.

3. Price elasticity of supply is constant along a linear supply curve.

True or False question.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725693

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