The Price Elasticity of Demand Is

question 91

Multiple Choice

The price elasticity of demand is

• A) always positive, so there is no reason to consider the absolute value of the price elasticity of demand.
• B) always negative, but by convention, economists typically express the price elasticity of demand as an absolute value.
• C) always equal to -1, which by convention economists typically express as an absolute value, or 1.
• D) always equal to zero, so there is no reason to consider the absolute value of the price elasticity of demand.

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