When we move upward and to the left along a linear, downward-sloping demand curve, price elasticity of demand a. first becomes larger, then

Question

When we move upward and to the left along a linear, downward-sloping demand curve, price elasticity of demand a. first becomes larger, then smaller. b. always becomes larger. c. always becomes smaller. d. first becomes smaller, then larger.

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Amelia 7 days 2021-10-08T09:25:59+00:00 1 Answer 0

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    2021-10-08T09:27:24+00:00

    Answer:

    C. Always become smaller

    Step-by-step explanation:

    As the demand curve slopes downwards, it implies there’s a decrease in quantity demanded as price percentages increases, therefore, price elasticity of demand becomes smaller.

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