The price elasticity of demand is
A. always negative, but by convention, economists typically express the price elasticity of demand as an absolute value.
B. always equal to zero, so there is no reason to consider the absolute value of the price elasticity of demand.
C. always equal to -1, which by convention economists typically express as an absolute value, or 1.
D. always positive, so there is no reason to consider the absolute value of the price elasticity of demand.
Answer: A
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a. True b. False Indicate whether the statement is true or false
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