Why is a linear demand curve more price elastic at higher price ranges and more price inelastic

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Why is a linear demand curve more price elastic at higher price ranges and more price inelastic at lower price ranges?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 16, 2023 12:16 AM

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Why is a linear demand curve more price elastic at higher price ranges and more price inelastic

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Along the upper half of a linear constant slope demand curve t...View the full answer

Exploring Economics

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