As we move up along a linear demand curve,the price elasticity of demand becomes more:
A) elastic.
B) inelastic.
C) log-linear.
D) variable.

Question

Quizplus · Accepted Answer

As we move up along a linear demand curve, the price elasticity of demand becomes more elastic. This is because at higher prices, consumers are more likely to find substitutes or alternatives for the product, making them more sensitive to changes in price.

As We Move Up Along a Linear Demand Curve,the Price