The Elasticity of Demand Is Always Negative Because

question 63

Multiple Choice

The elasticity of demand is always negative because:

• A) of the Law of Demand: when price goes up, quantity demanded goes down.
• B) of the Law of Demand: when price goes down, quantity demanded goes down.
• C) when demand increases, the price goes up.
• D) when demand increases, the price goes down.

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