For a Straight-Line Downward-Sloping Demand Curve, Price Elasticity of Demand

question 70

Multiple Choice

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

• A)increases as we move down along the demand curve from higher to lower prices.
• B)decreases as we move down along the demand curve from higher to lower prices.
• C)remains constant along the entire demand curve.
• D)decreases as we move up along the demand curve from lower to higher prices.

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Definitions:

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