Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:Elasticity of demand (with respect to price of the commodity) is constant along a straight line demand curve.
Answer» No. Price elasticity of demand along a straight line demand curve is different at different points on the demand curve. Because, at a particular point on the demand curve, (E_d = lower segment/upper segment,) which tends to change from point to point.

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