Which of the Following Is True for Higher Prices Along

question 50

Multiple Choice

Which of the following is true for higher prices along a linear downward-sloping demand curve for a good?

• A) The price elasticity of demand is lesser than 1 at higher prices.
• B) Higher quantities of the good are demanded at higher prices.
• C) Higher prices are associated with unit elastic demand.
• D) Higher prices are associated with higher price elasticities of demand.