On a given linear demand curve,demand is ______ at high prices than at low prices.
A)more price elastic.
B)more price inelastic.
C)more negative.
D)more volatile.

Question

Quizplus · Accepted Answer

At the top of the demand curve,a one unit change in price will be a relatively small percentage change and a one unit change in quantity,because it is a small quantity to begin with,will be fairly large.A large percentage quantity change relative to a small percentage change in price is elastic.

On a Given Linear Demand Curve,demand Is ______ at High