the answer is not DHomework Answers
option 1st is correct.
The elasticity of a downward slopping demand curve will have different elasticity at different point on the curve. as the elasticity is the percent change in quantity due to percent change in price. so we would need slope as well as an initial point each time we need the elasticity at the curve. So it will change throughout the curve. and it ranges from 0 towards infinity when we go from quantity axis to price axis. this means that a lower price would have inelastic demand while higher price will have elastic demand.
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the answer is not D
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