As one moves down a straight-line, down-sloping demand curve, price elasticity will:
A) change from elastic, to unit elastic, then to inelastic.
B) remain the same between any two points.
C) change from inelastic, to elastic, then to unit elastic.
D) change from unit elastic, to elastic, then to inelastic.
E) change from elastic, to inelastic, then to unit elastic.

Question

Quizplus · Accepted Answer

As one moves down a straight-line, down-sloping demand curve, the price elasticity of demand decreases, starting from elastic, moving to unit elastic, and finally becoming inelastic.

As One Moves Down a Straight-Line, Down-Sloping Demand Curve, Price