Multiple Choice
The demand for bus rides is a downward- sloping straight- line demand curve. The price elasticity of demand for bus rides
A) decreases as the price of a bus ride falls.
B) is the same no matter what the price of a bus ride.
C) decreases as the price of a bus ride rises.
D) increases as the price of a bus ride falls.
Correct Answer:
Verified
Correct Answer:
Verified
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