Multiple Choice
Picture a linear downward-sloping demand curve. If the price continues to fall, the price elasticity will
A) change from elastic, to unit elastic, to inelastic
B) remain unchanged whatever the price range
C) change from inelastic, to elastic, to unit elastic
D) change from unit elastic, to elastic, to inelastic
E) change from elastic, to inelastic, to unit elastic
Correct Answer:
Verified
Correct Answer:
Verified
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