Sunday, June 21, 2020

2016 (Elasticity) Paper 3 HL

2016 (Elasticity) Paper 3 HL


The gradient of a linear demand curve is constant along the curve. However the rates of change of price and quantity are not constant. As price increases, the % change in price diminishes while the % change in quantity demanded increases. Therefore the slope, which is constant, cannot represent the formula.




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