Which of the Following Statements About Demand and Price Elasticity

question 50

Multiple Choice

Which of the following statements about demand and price elasticity of demand is TRUE?

• A) As the demand curve has a positive slope, the price elasticity of demand is positive.
• B) As the demand curve has a negative slope, the price elasticity of demand is negative.
• C) As the demand curve has a positive slope, the price elasticity of demand is negative.
• D) As the demand curve has a negative slope, the price elasticity of demand is positive.

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