What is the price elasticity of demand for bus rides?
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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