decrease as price rises
increase as price rises
equals the slope of the line
stays the same over the curve
initially falls, reaches a minium, then rises again
2006-06-20 04:50:45 · 5 answers · asked by Anonymous in Social Science ➔ Economics
Along any normal, straight line demand curve the price elasticity of demand increase as price rises.
2006-06-20 20:30:52 · answer #1 · answered by PRADIP C 1 · 1⤊ 0⤋
along the demand curve,the price elasticity show the reponsiveness of changes in price that is affected or influience by a change in demand.In this case,the price might increase or decrease which are causes of a change in price which also cause a change in demand.In-other-words,the price elasticity,play a good role between price and demand.it does this by rating in percentage in-other-to subjudise the changes of demand that are brought by by changes in price. in this case,if the price of a commodity increase,the demand will reduce and when price reduce,the more will be demanded.that is the law of demand.this can happon if the goods is NOT an exceptional goods.if the goods is an exceptional goods,that will mean that the more the increase in price,the more the goods demanded.The basic causes of this,is that,the consumers might be affraid of future increase in price which will make them to buy more now.if you need more detail,notifil me.
2006-06-20 06:57:31 · answer #2 · answered by felixo4success 1 · 0⤊ 0⤋
If I understand the question, price will fall as demand falls
2006-06-20 05:37:41 · answer #3 · answered by aboukir200 5 · 0⤊ 0⤋
B. Increase as price rises.
2006-06-20 09:15:07 · answer #4 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
A)
2016-03-26 22:47:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋