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Question
Which of the following does NOT have a uniform elasticity of demand at all points?
Which of the following does NOT have a uniform elasticity of demand at all points?
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Solution
The correct option is A A downward sloping demand curve
A downward slopping demand curve not have uniform elasticity of demand at all points, others have uniform elasticity like zero in the case of vertical demand curve, equal to one represented by a rectangular hyperbola curve, and infinity given by a horizontal demand curve, at all points
A downward slopping demand curve not have uniform elasticity of demand at all points, others have uniform elasticity like zero in the case of vertical demand curve, equal to one represented by a rectangular hyperbola curve, and infinity given by a horizontal demand curve, at all points
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