On a demand curve,demand is more elastic
A)At higher prices.
B)At lower prices.
C)When demand is unitary.
D)At the middle price.

Name: On a demand curve,demand is more elastic A)At higher prices. B)At lower prices. C)When demand is unitary. D)At the middle price.
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Question

Quizplus · Accepted Answer

Demand is more elastic at higher prices because consumers are more sensitive to price changes when the price is high, making them more likely to reduce their quantity demanded significantly in response to price increases.

On a Demand Curve,demand Is More Elastic