Quantity the curve that is flatter is more elastic

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Reference no: EM13797138

1) if a two linear demand curve run through a common point than at any given quantity the curve that is flatter is more elastic? TRUE OR FALSE

2) Whether buyers or sellers bear the majority of the tax burden depends on who initially imposed the tax? TRUE OR FALSE

3) The midpoint method of calculating elasticity yields the same results as other methods? TRUE OR FALSE

Reference no: EM13797138

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