The value of the price elasticity of demand is not equal to the slope of the demand curve.
Asked by maham237 @ in Business viewed by 347 People
True or false: the value of the price elasticity of demand is not equal to the slope of the demand curve.
Answered by maham237 @
It is true that the value of the price elasticity of demand is not equal to the slope of the demand curve.
There are some distinctions between these two types of demands, and although it may happen that they become equal at one point, that is a rare occurrence. Most often they are not equal but rather quite different in reality.
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