When calculating price elasticity of demand,if the numerator is positive,the denominator is:
A)always greater than one.
B)always greater than zero.
C)sometimes positive and sometimes negative.
D)always less than zero.

Question

Quizplus · Accepted Answer

If the percent change in price is negative (the price falls)the change in quantity demanded will be positive according to the law of demand.

When Calculating Price Elasticity of Demand,if the Numerator Is Positive,the