The Result of the Calculation of the Price Elasticity of Demand

question 392

Multiple Choice

The result of the calculation of the price elasticity of demand is

• A) always positive.
• B) always negative.
• C) sometimes positive, sometimes negative.
• D) always greater than one.

---

Definitions:

Salary Allowances

Compensation above the base pay, often for specific purposes such as housing, transportation, or cost of living adjustments.

Profit And Loss

A financial statement detailing the revenues, costs, and expenses incurred during a specific period, highlighting a company's net profit or loss.

Two Proprietorships

Two separate businesses or commercial ventures, each owned by a single individual.

Fair Value

An assessment of an asset or liability's market worth, determined by current market rates or appraisals.