Question
what happens to the absolute value of the price elasticity of demand as you move up...
what happens to the absolute value of the price elasticity of demand as you move up a demand curve
Homework Answers
Answer #1
As we move up a linear demand curve the absolute value of the price elasticity increases. As we move up the demand curve the price will be higher and the quantity demanded will be lower. This would result in a higher absolute value of price elasticity when the demand curve is linear.
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