Moving downward along a straight-line demand curve,the absolute value of the price elasticity of demand
A)always rises
B)rises until the midpoint of the curve is reached,and then falls
C)falls until the midpoint of the curve is reached,and then rises
D)always falls
E)falls from 1 to 0

Question

Quizplus · Accepted Answer

As you move downward along a straight-line demand curve, the price elasticity of demand always falls because the percentage change in quantity demanded becomes smaller relative to the percentage change in price.

Moving Downward Along a Straight-Line Demand Curve,the Absolute Value of the Price