Coefficient of elasticity of demand is negative. It means. a) Consumers sometimes buy negative units of a commodity. b) Price and quantity demanded move in the same direction. . c) Law of demand holds. d) The two goods are complementary to each other.
Answers
Answered by
2
Answer:
Negative Elasticity: What Does It Mean? Generally speaking, demand will decrease when price increases, and demand will increase when price decreases. That means that the price elasticity of demand is almost always negative (since demand and price have an inverse relationship).
Answered by
1
Neural networks are computing systems with interconnected nodes that work much like neurons in the human brain. Using algorithms, they can recognize hidden patterns and correlations in raw data, cluster and classify it, and – over time – continuously learn and improve.
Similar questions