Q.
1
Statement I : On every point on the straight line demand curve, the point elasticities are all equal
Statement II : On every point on the rectangular hyperbola shaped demand curve, the point elasticities are not equal
Select the correct option for those below:
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A
Both the statements are correct
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B
Both the statements are not correct
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C
Statement I is correct while statement II is incorrect
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D
Statement I is incorrect while statement II is correct