Which Statement About Price Elasticity of Demand Along a Linear

question 107

Multiple Choice

Which statement about price elasticity of demand along a linear demand curve is true?

• A) As the quantity demanded increases, so does the buyer's sensitivity to price.
• B) When price elasticity of demand is equal to 1, consumers are indifferent to subtle price changes.
• C) The ratio of current price to quantity demanded is a good estimate of the elasticity of demand.
• D) The elasticity of demand is less elastic at a lower price.

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