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Because an inverse relationship exists between the price and the quantity demanded,: the price elasticity of demand is negative. the price elasticity of demand can
Because an inverse relationship exists between the price and the quantity demanded,:
the price elasticity of demand is negative.
the price elasticity of demand can never be zero.
all elasticities are negative.
the price elasticity of demand cannot be calculated.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
