If the demand curve is a straight line and has the normal negative slope,then as quantity demanded increases,demand
A)becomes more elastic
B)becomes more inelastic
C)is unitary elastic
D)rises and then falls
E)is an inverse function of supply

Question

Quizplus · Accepted Answer

A straight line demand curve with a negative slope means that as quantity demanded increases, price decreases. This results in a narrower range of prices that consumers are willing to pay, making the demand for the product more inelastic. When the demand is elastic, a small change in price results in a larger change in quantity demanded. When demand is inelastic, a change in price results in a relatively smaller change in quantity demanded.

If the Demand Curve Is a Straight Line and Has