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The coefficient of price elasticity of demand is always
  • a)
    Positive
  • b)
    Zero
  • c)
    Negative
  • d)
    Undefined
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The coefficient of price elasticity of demand is alwaysa)Positiveb)Zer...
There is a negative relation between price of the commodity and its quantity demanded,due to which elasticity coffecient is always negative.
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The coefficient of price elasticity of demand is alwaysa)Positiveb)Zeroc)Negatived)UndefinedCorrect answer is option 'C'. Can you explain this answer?
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