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Llanis Llanis
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6 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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wrote...
6 years ago
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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