On a linear demand curve, demand at lower prices will be:
A) price-inelastic.
B) price-elastic.
C) price unit-elastic.
D) perfectly price-elastic.

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

Quizplus · Accepted Answer

At lower prices on a linear demand curve, the demand tends to be price-inelastic because the percentage change in quantity demanded is smaller compared to the percentage change in price.

On a Linear Demand Curve, Demand at Lower Prices Will