With a Downward- Sloping Straight- Line Demand Curve, Price Elasticity

question 3

Multiple Choice

With a downward- sloping straight- line demand curve, price elasticity of demand is

• A) indeterminate.
• B) decreasing continuously with price increases.
• C) rising continuously with price increases.
• D) constant everywhere on it.
• E) increasing to the midpoint of the curve and then decreasing.

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