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If a linear demand curve A is 'more elastic' than another linear demand curve B then which of the following is true? O The value of the PED is lower on A than on B at all points on the curve. O The absolute value of the PED is lower on A than on B at any point where they cross. O The value of the PED is lower on A than on B at any point where they cross. O The absolute value of the PED is lower on A than on B at all points on the curve. O None of the above.

If a linear demand curve A is 'more elastic' than another linear demand curve B then which of the following is true? O The value of the PED is lower on A than on B at all points on the curve. O The absolute value of the PED is lower on A than on B at any point where they cross. O The value of the PED is lower on A than on B at any point where they cross. O The absolute value of the PED is lower on A than on B at all points on the curve. O None of the above.

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 2SQP
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If a linear demand curve A is 'more elastic' than another linear demand curve B then which of the following is true? The value of the PED is lower on A than on B at all points on the curve. The absolute value of the PED is lower on A than on B at any point where they cross. The value of the PED is lower on A than on B at any point where they cross. The absolute value of the PED is lower on A than on B at all points on the curve. None of the above.
Transcribed Image Text:If a linear demand curve A is 'more elastic' than another linear demand curve B then which of the following is true? The value of the PED is lower on A than on B at all points on the curve. The absolute value of the PED is lower on A than on B at any point where they cross. The value of the PED is lower on A than on B at any point where they cross. The absolute value of the PED is lower on A than on B at all points on the curve. None of the above.
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