When price elasticity of demand for normal goods is calculated, the value is always?

LohaHridoy
  1. Positive
  2. Negative
  3. Constant
  4. Greater than 1

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Answer: Option 2

When price elasticity of demand for normal goods is calculated, the value is always Negative. The PED is the percentage change in quantity demanded in response to a one percent change in price. The PED coefficient is usually negative, although economists often ignore the sign. Demand for a good is relatively inelastic if the PED coefficient is less than one (in absolute value).

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