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

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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

MCQ
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Solution

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.

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