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Author Question: The export demand price elasticity is more elastic than domestic demand. Indicate whether the ... (Read 18 times)

dejastew

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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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Answer to Question 1

TRUE

Answer to Question 2

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





 

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