For the sake of simplicity and by convention, price elasticity figures are shown as
A) positive numbers (0.64, 1.25, etc.).
B) negative numbers (−0.64, −1.25, etc.).
C) Greek letters (∑, ∏, etc.).
D) Roman numerals (I, V, X, etc.).
E) English consonants (P, Q, R, etc.).

Question

Quizplus · Accepted Answer

Price elasticity figures are typically shown as positive numbers for simplicity, even though the actual calculation often results in a negative value due to the inverse relationship between price and quantity demanded.

For the Sake of Simplicity and by Convention, Price Elasticity