the question on the basis of the following demand schedule. Price Quantity Demanded $ 6 1 5 2 4 3 3 4 2 5 1 6 Which of the following is correct? Multiple Choice Although the demand curve is convex to the origin, price elasticity of demand is constant throughout. Although the slope of the demand curve is constant, price elasticity increases as we move from high to low price ranges. A steep slope means demand is inelastic; a flat slope means demand is elastic. Although the slope of the demand curve is constant, price elasticity declines as we move from high to low price ranges