As the price of the good increases, its price elasticity of demand, in absolute valueA) Decreases B) Increases C) stays the same D) none

Question

asked Oct 23, 2024 118k views

1 Answer

Remco Haszing · Answer 1 · 2024-10-30T13:17:44+0000

Answer:

A. Decreases

Step-by-step explanation:

As the price of the good increases, its price elasticity of demand, in absolute value decreases.