As we move down a linear demand curve, demand becomes
A) More elastic
B) More inelastic
C) Unitary elastic
D) Perfectly elastic

Question

Quizplus · Accepted Answer

As we move down a linear demand curve, demand becomes more inelastic. This is because the absolute value of the slope of the demand curve increases as we move down the curve, indicating that the percentage change in quantity demanded is smaller for a given percentage change in price.

As We Move Down a Linear Demand Curve, Demand Becomes