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Demand is more elastic at the higher prices because A. elasticity of demand measures changes in price andquantity, and these change along the demand line.
Demand is more elastic at the higher prices because
A.
elasticity of demand measures changes in price andquantity, and these change along the demand line.
B.
when prices are lower and quantityhigher, changes in price are relatively smaller and changes in quantity are relatively larger.
C.
when prices are higher and quantitylower, changes in price are relatively smaller and changes in quantity are relatively larger.
D.
elasticity of demand measures the slope of the demandcurve, and this changes along the demand line.
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