If a straight-line demand curve slopes down, price elasticity (measured by point elasticity method) will not:
A) remain the same at all points on the demand curve.
B) change between any two points along the demand curve.
C) always be greater than one.
D) always equal one.

Question

Quizplus · Accepted Answer

The price elasticity of demand varies along a straight-line demand curve, meaning it does not remain constant at all points on the curve. This is because the formula for calculating elasticity considers both price and quantity changes, which proportionally vary at different points along a straight-line demand curve.

If a Straight-Line Demand Curve Slopes Down, Price Elasticity (Measured