Question

For a normal negatively sloped demand curve, starting from the lowest price and going toward the...

    1. For a normal negatively sloped demand curve, starting from the lowest price and going toward the highest price; the Elasticity of Demand:
  1. Is evermore more inelastic
  2. Is evermore elastic
  3. The elasticity switches from positive to negative
  4. The elasticity switches from negative to positive

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