multiple choice question\nin the upper - left portion of a linear demand curve, price elasticity of demand…

multiple choice question\nin the upper - left portion of a linear demand curve, price elasticity of demand tends to be which of the following?\no unit elastic\no more elastic\no more inelastic\no perfectly elastic

multiple choice question\nin the upper - left portion of a linear demand curve, price elasticity of demand tends to be which of the following?\no unit elastic\no more elastic\no more inelastic\no perfectly elastic

Answer

Brief Explanations:

The price - elasticity of demand formula is $\epsilon=\frac{%\text{ change in quantity demanded}}{%\text{ change in price}}$. On a linear demand curve, in the upper - left portion, a small change in price leads to a large change in quantity demanded. This indicates that demand is more elastic in this region.

Answer:

More elastic