As price increases,demand typically
A)becomes more elastic
B)becomes less elastic
C)does not change
D)elasticity does not change

Question

​As price increases,demand typically
A)​becomes more elastic
B)becomes less elastic
C)does not change
D)​elasticity does not change

Quizplus · Accepted Answer

When price increases, demand typically becomes less elastic, meaning consumers are less likely to purchase the good at a higher price. This is because there are likely substitutes available or the good may no longer be seen as necessary at the higher price point.

​As Price Increases,demand Typically

As Price Increases,demand Typically