English

A negative sign with coefficient of price elasticity of demand denotes __________ relation between price and quantity demanded.

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Question

A negative sign with coefficient of price elasticity of demand denotes __________ relation between price and quantity demanded.

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Solution

A negative sign with coefficient of price elasticity of demand denotes inverse relation between price and quantity demanded.

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Chapter 4: Elasticity of Demand - OBJECTIVE QUESTIONS [Page 4.34]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 4 Elasticity of Demand
OBJECTIVE QUESTIONS | Q 5. | Page 4.34
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