What happens to the price elasticity of demand as price increases and you move from right to left along a demand curve?
A) It starts low and increases as you move from right to left.
B) It starts low, at first increases, but then decreases after you cross the midpoint of the demand curve.
C) It starts high and decreases as you move from right to left.
D) It starts high, at first decreases, but then increases after you cross the midpoint of the demand curve.

Question

Quizplus · Accepted Answer

As you move from right to left along a demand curve, the price elasticity of demand increases because the percentage change in quantity demanded becomes larger relative to the percentage change in price.

What Happens to the Price Elasticity of Demand as Price