Multiple Choice
The calculated price elasticity of demand:
A) is always a negative number,although many times is reported as an absolute value.
B) is sometimes a negative number,depending on the magnitude of response.
C) is always a positive number,because price and quantity are directly related in terms of demand.
D) can be positive or negative,but is always reported as an absolute value.
Correct Answer:
Verified
Correct Answer:
Verified
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