Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls.

Name: Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls.
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Price elasticity of demand along a linear, downward-sloping demand curve actually decreases as price falls, because the proportionate change in quantity demanded becomes smaller relative to the proportionate change in price as one moves down the curve.

Price Elasticity of Demand Along a Linear, Downward-Sloping Demand Curve