If the elasticity of demand were positive what would this imply about the shape of the demandcurve? Why is it that we are unlikely to find a price elasticity of demand with a positive value?
What will be an ideal response?
If the price elasticity of demand were positive this would mean that demand curve is upward-sloping. We are unlikely to find a price elasticity of demand that is positive because this would contradict the law of demand.
Economics
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