The Price Elasticity of Demand Is Positive When There Is

question 49

True/False

The price elasticity of demand is positive when there is an inverse relationship between price and quantity demanded.

---

Definitions:

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their job and meet certain eligibility requirements.

Minimum-Wage Law

Legislation that sets the lowest hourly rate that can be paid to workers, intended to ensure a minimum standard of living for employees.

Unemployed

The status of a person who is capable of working, is seeking work, but is unable to find employment.

Unemployment Insurance

A government-provided insurance that offers financial assistance to unemployed workers who have lost their jobs through no fault of their own.