If slope of two demand curves are the same, they show the same elasticity of demand.

True

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False

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Solution

The correct option is B False
False. Because,
$E_{d} = \frac{1}{S l o p e o f d e m a n d c u r v e} \times \frac{P}{Q}$
When slope of two demand curves is the same, elasticity of demand depends on the initial price and initial quantity of the commodity.

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\infty

When the slope of demand curve = infinity, the price elasticity of demand = 0.

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