Because the demand curve is downward sloping, the elasticity of demand is
A) positive.
B) negative (however, the negative sign is assumed and therefore ignored) .
C) zero.
D) decreases from positive to negative.
Correct Answer:
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Q15: If the price of a good increases
Q16: Q17: If the price of a good increases Q18: If the price of a good increases Q19: The elasticity of demand is related to Q21: If the price of a good rises Q22: Which of the following is true? Q23: Which of the following is true? Q24: If the price of a good falls Q25: If the price of a good increases
A)on a
A)on a
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