Which among the following statement is INCORRECT? - Study24x7
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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 relaive not absolute changes in Price and Quantity demanded.

MBA/Management CLAT/CE-Law Finance/CA
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