As we move down a linear demand curve,demand becomes:
A) more elastic.
B) less elastic at first and then more elastic.
C) steeper.
D) more elastic at first and then less elastic.
E) less elastic.

Question

Quizplus · Accepted Answer

As we move down a linear demand curve, the quantity demanded increases while the price decreases. This means that consumers become more sensitive to price changes as they have more options to choose from at lower prices. Therefore, demand becomes more elastic, indicating that a small change in price will result in a larger change in quantity demanded.

As We Move Down a Linear Demand Curve,demand Becomes