If a straight-line demand curve slopes down, price elasticity will:
A) remain the same at all points on the demand curve.
B) change between any two points along the demand curve.
C) always be greater than 1.
D) always equal 1.
E) always be less than 1.

Question

Quizplus · Accepted Answer

Price elasticity of demand changes along a straight-line demand curve because elasticity depends on both the slope of the demand curve and the price and quantity at each point.

If a Straight-Line Demand Curve Slopes Down, Price Elasticity Will