The Price-Cost Margin Is Equal to the Price Elasticity of Demand

question 126

True/False

The price-cost margin is equal to the price elasticity of demand.

---

Definitions:

Assault and Battery

Legal terms where "assault" refers to the threat of harm, and "battery" to the actual physical impact on another person.

Fair Comment

A defence available when defamatory statements are made about public figures or works put before the public.

Methane Gas

A colorless, odorless, flammable gas that is the main component of natural gas and a potent greenhouse gas.

Strict Liability

Liability even in the absence of fault.