$12 10 Price per unit 4 Demand 2 Q = 24/P 2 4 6 8 10 12 Quantity per period 3. (Exhibit: Nonlinear Demand Curve) The values for quantity demanded along this nonlinear demand curve are given by the formula Q = 24/P. It: a. exhibits decreasing price elasticity as the price falls in $1 increments from a price of $12 to $2. b. exhibits increasing price elasticity as the price falls in $1 increments from a price of $12 to $2. c. exhibits unit price elasticity throughout. d. does not fit with the law of demand