[Answered] The export demand price elasticity is more elastic than domestic demand. Indicate whether the ...

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Author Question: The export demand price elasticity is more elastic than domestic demand. Indicate whether the ... (Read 75 times)

dejastew

Hero Member
Posts: 562

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

Sr. Member
Posts: 329

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

Hero Member
Posts: 562

Reply #2 on: Jul 22, 2018

Thanks

connor417

Sr. Member
Posts: 329

Reply #3 on: Jul 22, 2018

Welcome

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