Coefficient of price elasticity
Why the coefficient of price elasticity of demand is is negative?
Expert
The coefficient of price elasticity of demand is for all time negative since there is an inverse relationship among demand and price.
Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans? Q : Problem relating to Taxes and Subsidies I have a problem in economics on Problem relating to Taxes and Subsidies. Please help me in the following question. The sales taxes and government subsidies: (1) Influence only demand. (2) Do not influence the supply curve. (3) Affect the supply curve
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What are Bond Theorem Applications and also write down its consequences?
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