1508EconomicsMedium
If demand is linear (a straight line) then price elasticity of demand is?
Ainelastic throughout
Bconstant along the demand curve
Celastic in the upper portion and inelastic in the lower portion
Dinelastic in the upper portion and elastic in the lower portion
Correct answer
C. elastic in the upper portion and inelastic in the lower portion
Explanation
The correct answer is elastic in the upper portion and inelastic in the lower portion.