Which of the following is true?
A)on a linear demand curve, the higher the price the less elastic is demand
B)on a linear demand curve, elasticity is not constant
C)at the same price demand is more elastic on the steeper demand curve
D)none are true

Question

Quizplus · Accepted Answer

On a linear demand curve, elasticity varies along the curve. At high prices and low quantities, demand is more elastic, and at low prices and high quantities, demand is less elastic. This is because elasticity measures the percentage change in quantity demanded relative to a percentage change in price, and these percentage changes vary along a straight-line demand curve.

Which of the Following Is True