What is the price elasticity of demand for bus rides?

timer Asked: Mar 3rd, 2015

Question description

The demand curve for bus rides is a downward sloping straight line.

The price elasticity of demand for bus rides would be___________? 

A. decrease as the price of a bus ride falls

B. is constant as the price of bus ride falls or rises

C. Decreases as the price of a bus ride rises

D. increases as the price of a bus ride falls

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