The price elasticity of the demand for imports is usually a positive number indicating a direct relationship.

Question

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The price elasticity of demand for imports measures the responsiveness of the quantity of imports demanded to changes in the price of imports. A positive price elasticity of demand indicates that as the price of imports increases, the quantity of imports demanded decreases, and vice versa. This is because consumers are more likely to substitute domestic goods for imported goods when the price of imports is high.

The Price Elasticity of the Demand for Imports Is Usually