Consider the linear downward-sloping demand curve and the concept of elasticity. Which of the following statements is true?
A) As quantity demanded increases, so does buyers' sensitivity to price.
B) When the price elasticity of demand is 1, consumers are indifferent to price changes.
C) The ratio of price to quantity demanded measures the price elasticity of demand.
D) As the price of a good increases, the price elasticity of demand increases.
E) When an individual buys more of a good, his or her price elasticity of demand for the good increases.

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The Answer of Consider the linear downward-sloping demand curve and the concept of elasticity. Which of the following statements is true?
A) As quantity demanded increases, so does buyers' sensitivity to price.
B) When the price elasticity of demand is 1, consumers are indifferent to price changes.
C) The ratio of price to quantity demanded measures the price elasticity of demand.
D) As the price of a good increases, the price elasticity of demand increases.
E) When an individual buys more of a good, his or her price elasticity of demand for the good increases.

Consider the Linear Downward-Sloping Demand Curve and the Concept of Elasticity