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.

---

Definitions:

Efficient Markets

A concept in financial economics that states that asset prices fully reflect all available information at any point in time.

Expected Return

The probable return on an investment, considering all potential outcomes and their likelihoods.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the spread of data.

Investment Risk

The possibility of losing some or all of the invested capital, with the potential for variability in investment returns.