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Question
True or False with Reason:
−6, −4, −1 is the correct order of increasing Price Elasticity of Demand.
True or False
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Solution
This statement is false.
Explanation:
- Price elasticity is compared in absolute terms, ignoring the negative sign.
- Absolute values are 6, 4, and 1.
- The correct increasing order is −1, −4, −6, not −6, −4, −1.
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