As one moves downward to the right along a linear demand curve:
a. elasticity of demand is unchanged
b. demand becomes more elastic
c. demand becomes more inelastic
d. one cannot determine what happened in elasticity unless the slope of demand is known
e. none fo the above
Ans: c. demand becomes more inelastic
Economics
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A) elastic; elastic B) elastic; inelastic C) inelastic; elastic D) inelastic; inelastic E) unit elastic; unit elastic
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The figure above shows ________ relationship between the two variables
A) a positive B) a negative C) no D) an inverse
Economics