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erica [24]
4 years ago
14

The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides ________

.(A) decreases as the price of a bus ride(B) rises is the same no matter what the price of a bus ride(C) increases as the price of a bus ride falls(D) decreases as the price of a bus ride falls
Business
1 answer:
MrMuchimi4 years ago
4 0

<u>Answer:</u>

<em>The price elasticity of demand for bus rides decreases as the price of a bus ride falls  (D)</em>

<em></em>

<u>Explanation:</u>

Price elasticity of interest is a financial proportion of the adjustment in the amount requested or obtained of an item in connection to its value change. When the amount required of an object displays a considerable difference because of changes in its value, it is named versatile; that is, the amount extended a long way from its earlier point. On the off chance that the amount obtained has a little change because of its value, it is named inelastic; or the amount did not extend much from its earlier point.  

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