Solved

The Elasticity of Demand Is Always Negative Because

Question 63

Multiple Choice

The elasticity of demand is always negative because:


A) of the Law of Demand: when price goes up, quantity demanded goes down.
B) of the Law of Demand: when price goes down, quantity demanded goes down.
C) when demand increases, the price goes up.
D) when demand increases, the price goes down.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions