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Along a linear downward-sloping demand curve, the price elasticity of demand will be?

User StapleGun
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Final answer:

Along a linear downward-sloping demand curve, the price elasticity of demand will be elastic.

Step-by-step explanation:

The price elasticity of demand along a linear downward-sloping demand curve is elastic. This means that a change in price will result in a larger percentage change in quantity demanded. Along the demand curve, if the price changes by 1%, the quantity demanded will change by 0.45%. For example, a 10% increase in price will result in a 4.5% decrease in quantity demanded, and a 10% decrease in price will result in a 4.5% increase in quantity demanded.

User Marsheth
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