Price elasticity of demand is identical with slope of demand curve.

True

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False

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Solution

The correct option is B False
False. We know, $E_{d} = \frac{△ Q}{△ P} \times \frac{P}{Q}$

Slope of the demand curve = $\frac{△ P}{△ Q}$

So, that, $E_{d} = \frac{1}{S l o p e o f d e m a n d c u r v e} \times \frac{P}{Q}$

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

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