Question

The price elasticity of demand will always be a negative number because: demand is determined by consumers. producers and consumers like different prices. price and quantity demanded move in opposite directions. price and quantity demanded move in the same direction

Answer 1

a) "C"

the demand elasticity will always be a negative number because as the price increase the demand decrease i.e. they are negatively related they move in opposite direction.

b) "C"

Income elasticity describes how much the demand by the consumer will change when the income of the consumer change.

c) At point A demand is "elastic"

At point B it is "unit elastic"

At point C demand is inelastic.