Question

Which among the following statement is INCORRECT?

A On a linear demand curve, all the five forms of elasticity can be depicted’
B If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection.
C If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves
D The price elasticity of demand is expressed in terms of relative not absolute, changes in Price and quantity demanded’

Answer & Explanation

Answer: If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection.

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