Which of the following statements is true about a downward-sloping demand curve that is a straight line?
A) The slope and the elasticity are the same at all points.
B) The slope remains the same, but elasticity rises as you move down the demand curve.
C) The slope remains the same, but elasticity falls as you move down the demand curve.
D) The slope and the elasticity fall as you move down the demand curve.

Question

Quizplus · Accepted Answer

The slope of a straight-line demand curve is constant, but elasticity decreases as you move down the curve because the percentage change in quantity demanded becomes smaller relative to the percentage change in price.

Which of the Following Statements Is True About a Downward-Sloping