Multiple Choice
As elasticity of demand increases,what happens to the demand curve
A) It gets flatter and the price elasticity of demand will eventually be less than 1.
B) It gets steeper and the price elasticity of demand will eventually be greater than 1.
C) It gets flatter and the price elasticity of demand will eventually be greater than 1.
D) It gets steeper and the price elasticity of demand will eventually be less than 1.
Correct Answer:
Verified
Correct Answer:
Verified
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