In the case of a straight-line demand curve meeting the two axes, the – InterviewSolution

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1.

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

Answer»

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 1.

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