As One Moves Down a Straight-Line, Down-Sloping Demand Curve, Price

question 101

Multiple Choice

As one moves down a straight-line, down-sloping demand curve, price elasticity (measured by point elasticity method) will:

• A) change from elastic to unit elastic, then to inelastic.
• B) remain the same between any two points.
• C) change from inelastic to elastic, then to unit elastic.
• D) change from unit elastic to elastic, then to inelastic.

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