Which Statement Is TRUE

question 186

Multiple Choice

Which statement is TRUE?

• A) Elasticity of demand attempts to measure how fast quantity demanded increases when price increases.
• B) If the elasticity of demand is -4, then economists know that the price is increasing at a faster rate than quantity demanded.
• C) The price elasticity of demand is always a negative number, but economists generally ignore the negative sign.
• D) The elasticity of demand is always the same as the elasticity of supply.

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