Which of the following is true? A. The elasticity of demand is constant along most demand curves. B. The elasticity of demand varies only along downward-sloping linear demand curves. C. The elasticity of demand varies along most demand curves. D. None of the above.

The correct answer is letter "C": The elasticity of demand varies along most demand curves.

Explanation:

Elasticity is the response of variables to a variation in another variable. The extent to which the supply or demand for a good or service changes with the price of the goods or consumer income can be defined thanks to elasticity.

Elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or greater than one (1), the good or service is elastic. If the result is lower than one, it means the good or service is inelastic.

Plotted in a graph, elasticity represents a straight line from the "X" quantity axis departing from zero to the "Y" price axis headed to the infinite crossing in its way different demand curves.

lady gaga

explanation:

lady gaga's real name is stefani joanne angelina germanotta.