On a linear demand curve,the price elasticity of demand at very high prices will be:
A)price-inelastic.
B)price-elastic.
C)price unit-elastic.
D)perfectly price-inelastic.

Name: On a linear demand curve,the price elasticity of demand at very high prices will be: A)price-inelastic. B)price-elastic. C)price unit-elastic. D)perfectly price-inelastic.
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Question

Quizplus · Accepted Answer

At very high prices, a small decrease in price can lead to a relatively large increase in quantity demanded, making the demand price-elastic.

On a Linear Demand Curve,the Price Elasticity of Demand at Very