Exhibit 5-2  Price and Quantity Demanded Data the Data in Exhibit

Multiple Choice

Exhibit 5-2  Price and quantity demanded data The data in Exhibit 5-2 shows that price elasticity of demand is:

A) increasing as the price decreases.
B) decreasing as the price increases.
C) increasing as the quantity increases.
D) decreasing as the quantity decreases.
E) decreasing as the quantity increases.