If the demand curve for a good is a downward sloping straight line, the demand for the good will be more price elastic the higher is the
A) price of the good.
B) price of complements.
C) income of consumers.
D) income elasticity of demand for that good.

Question

Quizplus · Accepted Answer

The demand for a good is more price elastic at higher prices because the percentage change in quantity demanded is larger relative to the percentage change in price when the price is high.

If the Demand Curve for a Good Is a Downward