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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
Fill in the Blanks
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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