The equation of the demand curve : pq = e, where e is a constant.
Select the INCORRECT statement:
Held on 31 May 2025 · Verified 13 Jul 2026.
The demand curve is a rectangular hyperbola.
The value of p times q is constant.
The elasticity of demand at all points located on this demand curve is greater than 1.
At every point of consumption, the expenditure remains the same.
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