Price Elasticity of Demand Is Often Expressed as a Positive

question 17

Multiple Choice

Price elasticity of demand is often expressed as a positive number because:

• A)using the formula yields a positive number.
• B)demand has a positive slope.
• C)it's convenient to use absolute values even though the formula yields non-positive numbers.
• D)both the numerator and the denominator in the formula are negative.

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Definitions:

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