Solved

Technically the Elasticity Number Is Negative Because

Question 89

Multiple Choice

Technically the elasticity number is negative because


A) When price falls quantity demanded will rise,but for simplicity economists take the absolute value of the elasticity number.
B) When price falls quantity demanded will fall,but for simplicity economists take the absolute value of the elasticity number.
C) When price rises quantity demanded will rise,but for simplicity economists take the absolute value of the elasticity number.
D) The demand curve is upward-sloping.

Correct Answer:

verifed

Verified

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

Related Questions