If the demand curve is a straight line with a negative slope,then demand is more elastic at higher prices than lower prices.

Question

Quizplus · Accepted Answer

When the demand curve has a negative slope, it means that as the price of the good or service increases, the quantity demanded decreases. This indicates that consumers are more sensitive to changes in price at higher prices. Therefore, demand is more elastic at higher prices than lower prices, making the statement true.

If the Demand Curve Is a Straight Line with a Negative