For a downward-sloping straight-line demand curve, the top portion of the curve is generally inelastic.

Question

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The top portion of a downward-sloping straight-line demand curve is generally elastic, while the bottom portion is generally inelastic. This is because as the price decreases from the top portion, the change in quantity demanded is relatively small, indicating inelasticity. However, as the price decreases towards the bottom, the change in quantity demanded becomes significantly larger, indicating elasticity.

For a Downward-Sloping Straight-Line Demand Curve, the Top Portion of the Curve