True/False
If the demand function is 
, where m is income and p is price, then the absolute value of the price elasticity of demand decreases as price increases.
Definitions:
Related Questions
Q14: The constant elasticity of demand for cigarettes
Q31: Not long ago, the Canadian edition of
Q36: If a person is a net supplier
Q44: Prudence was maximizing her utility subject to
Q46: Mike consumes two commodities, x and y,
Q48: The compensated demand function refers to the
Q53: Gladys Goodhands is an insurance agent. She
Q64: Alfredo lives on apples and bananas only.
Q65: Mickey is considering buying a tape recorder.
Q73: In economic theory, the demand for a