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Title: Because demand curves slope downward according to the Law of Demand, the price elasticity of demand ... Post by: Llanis on Oct 17, 2017 Because demand curves slope downward according to the Law of Demand, the price elasticity of demand is a negative number.
True or False? Provide an explanation. Title: Re: Because demand curves slope downward according to the Law of Demand, the price elasticity of ... Post by: Tyforumca on Oct 17, 2017 True ... Because The price elasticity of demand measures the change in quantity demanded when a price change occurs. If price increases, the change in the quantity demanded will be negative.
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