A straight-line downward-sloping demand curve has a price elasticity of demand that:
A) decreases as price decreases.
B) increases as price decreases.
C) is zero at all prices.
D) is unitary at all prices.

Question

Quizplus · Accepted Answer

The Answer of A straight-line downward-sloping demand curve has a price elasticity of demand that:
A) decreases as price decreases.
B) increases as price decreases.
C) is zero at all prices.
D) is unitary at all prices.

A Straight-Line Downward-Sloping Demand Curve Has a Price Elasticity of Demand