Technically the Elasticity Number Is Negative Because

question 89

Multiple Choice

Technically the elasticity number is negative because

• A)When price falls quantity demanded will rise,but for simplicity economists take the absolute value of the elasticity number.
• B)When price falls quantity demanded will fall,but for simplicity economists take the absolute value of the elasticity number.
• C)When price rises quantity demanded will rise,but for simplicity economists take the absolute value of the elasticity number.
• D)The demand curve is upward-sloping.

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Definitions:

Higher Yield

Refers to investments offering a greater return in terms of interest or dividends, often accompanied by higher risk.

Effective Annual Rate

The interest rate on an investment or loan that reflects the actual annual rate of interest, accounting for compounding over a given period.

Semi-Annual Interest Payments

Interest disbursements made twice a year on a loan or bond.