Question

As we move along a downward sloping straight-line demand curve from left to right, price elasticity of demand ______

Options

• Goes on falling

• Goes on rising

• Remains the same

• None of the above

Answer 1

As we move along a downward sloping straight-line demand curve from left to right, the price elasticity of demand Goes on falling.

Explanation:

Because the movement is from left to right and the demand curve is negative, the price elasticity of demand will continue to fall.