Question: answer please Answer the question on the basis of the following demand schedule: Quantity Price Demanded FNM TWO Refer to the data. Which of the

answer please

Answer the question on the basis of the following demand schedule: Quantity Price Demanded FNM TWO Refer to the data. Which of the following is correct? ( 1) Although the slope of the demand curve is constant, price elasticity declines as we move from high to low price ranges. ( 2) Although the slope of the demand curve is constant, price elasticity increases as we move from high to low price ranges. ( 3) Although the demand curve is convex to the origin, price elasticity of demand is constant throughout. ( 4) A steep slope means demand is inelastic; a flat slope means demand is elastic

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