How Does Price Elasticity of Demand Appear When Calculated

question 156

Multiple Choice

How does price elasticity of demand appear when calculated?

• A) It is always a negative number, although it is sometimes reported as an absolute value.
• B) It is sometimes a negative number and sometimes a positive number, depending on the magnitude of response.
• C) It is always a positive number because price and quantity are directly related in terms of demand.
• D) It can be a positive number or a negative number, but is always reported as an absolute value.

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Definitions:

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