The price elasticity of demand is
A) always negative.
B) sometimes positive.
C) always positive.
D) positive or negative, depending on supply.

Name: The price elasticity of demand is A) always negative. B) sometimes positive. C) always positive. D) positive or negative, depending on supply.
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Question

Quizplus · Accepted Answer

Price elasticity of demand is always negative, reflecting the inverse relationship between price and quantity demanded.

The Price Elasticity of Demand Is