why does Epd(price elasticity of demand) decrease?

0 ⤊

why does epd(price elasticity of demand) decrease as you move down a linear demand curve that is neither vertical nor horizontal

2007-10-01 12:18:06 · 2 answers · asked by Marc M 1 in Social Science ➔ Economics

%change in quantity demanded / %change in price =slope P/Q
The slope is constant so the behavior will be determined by P/Q which is getting smaller

2007-10-01 20:51:33 · answer #1 · answered by meg 7 · 0⤊ 0⤋

b) Increases by 50%

2016-05-18 05:47:32 · answer #2 · answered by michele 3 · 0⤊ 0⤋