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Answer to Question #72045 in Microeconomics for Divine

Question #72045
If the value of the price elasticity of demand is 0.6 demand is said to be
Expert's answer
The price elasticity of demand is always negative. But in this case price elasticity of demand is positive, that`s why we can say that when price of good increases then quantity of goods also increases. It is possible when this good is Giffen good.

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