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Author Question: The coefficient of the price elasticity of demand is always negative. a. True b. False Indicate ... (Read 68 times)

Mimi

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  • Posts: 542
on: Jun 30, 2018
The coefficient of the price elasticity of demand is always negative.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

An implicit cost:
 a. is an opportunity cost.
 b. is an out-of-pocket expense.
 c. does not require an outlay of money.
  d. is characterized by both (a) and (c)


wtf444

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  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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