1.

Which among the following statement is INCORRECT?

A. On a linear demand curve, all the five forms of elasticity can be depicted’
B. If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection.
C. If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves.
D. The price elasticity of demand is expressed in terms of relative not absolute, changes in Price and quantity demanded’
Answer» C. If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves.


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