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The Demand for Bus Rides Is a Downward-Sloping Straight Line

Question 113

Multiple Choice

The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides


A) increases as the price of a bus ride falls.
B) decreases as the price of a bus ride falls.
C) is the same no matter what the price of a bus ride.
D) decreases as the price of a bus ride rises.

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