Recall the Application about finding estimates elasticities of demand to answer the following question(s)
-According to the Application, the regular price elasticities of demand found at HYPERLINK "http://www.ers.usda.gov/" www.ers.usda.gov are reported as
A)positive numbers.
B)negative numbers.
C)dollars per unit of foreign currency.
D)foreign currency units per dollar.

Question

Quizplus · Accepted Answer

Price elasticities of demand are typically negative numbers because they reflect the inverse relationship between price and quantity demanded.

Recall the Application About Finding Estimates Elasticities of Demand to Answer