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    Principles of Economics
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    Exam 5: Elasticity: Measuring Responsiveness
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    Because Demand Curves Are Usually Downward Sloping, the Price Elasticity
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Because Demand Curves Are Usually Downward Sloping, the Price Elasticity

Question 113

Question 113

Multiple Choice

Because demand curves are usually downward sloping, the price elasticity of demand is:


A) usually positive.
B) usually greater than 1.
C) positive or negative.
D) usually negative.

Correct Answer:

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