The measure of price elasticity of demand of a normal good carries min – InterviewSolution

1.	The measure of price elasticity of demand of a normal good carries minus sign while price elasticity of supply carries plus sign. Explain why?
Answer» It is true that measure of price elasticity of demand for a normal good carrier minus sign because there is an inverse relationship between P and Q. Whereas there is a positive relationship between price and quantity supplied. Therefore, price elasticity of supply carries plus sign.

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