Which Statement About Price Elasticity of Demand Along a Linear

Multiple Choice

Which statement about price elasticity of demand along a linear demand curve is true?

A) As the quantity demanded increases, so does the buyer's sensitivity to price.
B) When price elasticity of demand is equal to 1, consumers are indifferent to subtle price changes.
C) The ratio of current price to quantity demanded is a good estimate of the elasticity of demand.
D) The elasticity of demand is less elastic at lower price.
E) When an individual buys 4 units of a good his/her elasticity of demand for each unit increases.