For the sake of simplicity and by convention,price elasticity figures are shown as
A)positive numbers (0.64,1.25,etc. ).
B)negative numbers (−0.64,−1.25,etc. ).
C)Greek letters (∑,∏,etc. ).
D)Roman numerals (I,V,X,etc. ).
E)English consonants (P,Q,TR,etc. ).

Question

Quizplus · Accepted Answer

Because quantity demanded usually decreases as price increases,price elasticity of demand is usually a negative number.However,for the sake of simplicity and by convention,elasticity figures are shown as positive numbers.

For the Sake of Simplicity and by Convention,price Elasticity Figures