A linear demand curve for a good is:
A)more price elastic at lower price ranges.
B)more price elastic at higher price ranges.
C)more price inelastic at higher price ranges.
D)always equal to one.
E)always equal to zero.

Question

Quizplus · Accepted Answer

A linear demand curve is more price elastic at higher price ranges because the percentage change in quantity demanded is larger relative to the percentage change in price when the price is high.

A Linear Demand Curve for a Good Is