Multiple Choice
Which of the following statements are true about demand and the price elasticity of demand?
A) When the demand curve has a negative slope,the price elasticity of demand is infinite.
B) When the demand curve has a negative slope,the price elasticity of demand is zero.
C) When the demand curve has a negative slope,the price elasticity of demand is positive.
D) When the demand curve has a negative slope,the price elasticity of demand is negative.
E) When the demand curve has a negative slope,the price elasticity of demand is positive
Correct Answer:
Verified
Correct Answer:
Verified
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