Question

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

The correct option is B $1$

In the case of a straight-line demand curve meeting, the two Axes the price elasticity of demand at the midpoint of the line would be 1.