As we move along a downward sloping straight line demand curve from left (choose the correct alternative) :

Question

As we move along a downward sloping straight line demand curve from left (choose the correct alternative) :

As we move along a downward sloping straight line demand curve from left (choose the correct alternative) :

(a) remains unchanged

(b) goes on falling

(c) goes on rising

(d) falls initially than rises

Monjur Alahi

9 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

As we move along a downward sloping straight line demand curve from left to right, price elasticity of demand goes on falling. Hence, the correct option is (b).

9 views Answered 2023-02-05 15:29