Travis K. answered • 04/18/22
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Specific answer is B due to the reasons given in the video
Kurt C.
asked • 04/08/22As we move down along a linear demand curve (a demand curve that is a straight line with a given negative slope) what happens to |Ed|?
As we move down along a linear demand curve (a demand curve that is a straight line with a given negative slope) what happens to |Ed|?
| a) The price elasticity of demand increases | |
| b) The price elasticity of demand decreases | |
| c) The price elasticity of demand is always equal to 1 | |
| d) The price elasticity of demand is always less than 1 |
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