Use the linear demand curve shown below to answer the following questions.
The point elasticity of demand at a price of $650 is _________.
-As price falls, |E| __________________ (gets larger, gets smaller, stays the same) for a linear demand curve.

Question

Use the linear demand curve shown below to answer the following questions.
  The point elasticity of demand at a price of $650 is _________.
-As price falls, |E| __________________ (gets larger, gets smaller, stays the same) for a linear demand curve.

Quizplus · Accepted Answer

The Answer of Use the linear demand curve shown below to answer the following questions.
  The point elasticity of demand at a price of $650 is _________.
-As price falls, |E| __________________ (gets larger, gets smaller, stays the same) for a linear demand curve.

Use the Linear Demand Curve Shown Below to Answer the Following