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Author Question: The export demand price elasticity is more elastic than domestic demand. Indicate whether the ... (Read 55 times)

dejastew

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on: Jul 22, 2018
The export demand price elasticity is more elastic than domestic demand.
 
  Indicate whether the statement is true or false

Question 2

The price elasticity of demand is always negative.
 
  Indicate whether the statement is true or false


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connor417

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Reply #1 on: Jul 22, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE , since demand is downward sloping to the right, the price elasticity must be negative.


dejastew

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Reply #2 on: Jul 22, 2018
Thanks


connor417

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Reply #3 on: Jul 22, 2018
Welcome :)


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