As One Moves Down a Straight-Line Demand Curve, the Elasticity

question 130

True/False

As one moves down a straight-line demand curve, the elasticity increases.

---

Definitions:

Demand Characteristics

Cues in an experiment that suggest to participants what behavior is expected of them.

Falsifiability

The capability of a hypothesis or theory to be proven false, a critical principle for scientific validity.

Parsimony

In science and philosophy, the principle that the simplest explanation of an event or observation is preferred over a more complex explanation.

Demand Characteristics

Demand characteristics refer to subtle cues or signals in a study that communicate to participants how they are expected to behave.