Assertion: price elasticity | /r/HasProperty | negative
Facets:
value: always
type: DEGREE
value: in the above case
type: OTHER
value: for virtually every country
type: OTHER
Source sentences:
text: Price elasticities are almost always negative, although analysts tend to ignore the sign even though this can lead to ambiguity.
text: But price elasticity of supply is normally positive since the supply curve slopes upwards from left to right; except in the case of a backward-bending supply curve, in which case it would have negative elasticity.
text: “Since the demand curve is normally downward sloping, the price elasticity of demand is usually a negative number.
text: In general, the price elasticity of demand is a negative figure, whilst income elasticity is a positive figure although there are some exceptional situations that change the above general laws.
text: Price elasticities of demand are negative numbers indicating that the demand curve is downward sloping, but are read as absolute values.
text: However, you will recall that price elasticity of demand is always negative.
text: Price elasticities of demand are always negative since price and quantity demanded always move in opposite directions (on the demand curve).
text: With a downward-sloping demand curve, price and quantity demanded move in opposite directions, so the price elasticity of demand is always negative.
text: Professor Cooper found that for virtually every country, the price elasticities were negative, and the long-run price elasticities were generally much greater (in absolute value) than were the short-run price elasticities.
text: Because peanut butter and jelly are complements, the cross price elasticity of demand is negative.
text: Price elasticity is nearly always negative, where an increase in prices leads to a reduction in unit sales.
text: Because price and quantity move in opposite directions on the demand curve, the price elasticity of demand is always negative.
text: Price elasticities are almost always negative, although analysts tend to ignore the sign even though this can lead to ambiguity.
text: In case the two goods are substitutes for each other like tea and coffee, the cross price elasticity will be positive, i.e. if the price of coffee increases, the demand for tea increases.
text: Yes, if cross-price elasticity is positive, since in this case they are substitutes.
text: The Price Elasticity of Supply is always positive because the Law of Supply says that quantity supplied increases with an increase in price.
text: In the above case, the price elasticity of demand is positive as opposed to negative, which is generally the case.
text: While the price elasticities for China and Portugal were positive, they were not statistically significant.
text: The cross price elasticity of demand for substitute goods is positive.
text: The price elasticity of supply should be positive.
text: Because price and quantity move in the same directions on the supply curve, the price elasticity of supply is usually positive.
text: Remember that the price elasticity of demand is a negative number because an inverse relationship exists between price and quantity demanded.
text: Since the demand curve is normally downward sloping, the price elasticity of demand is usually a negative number.