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

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

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

Demand and Supply MCQs
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