Choose the answer that makes best sense
A -2.6 price elasticity of demand for formwork indicates that:

Question

Choose the answer that makes best sense 
 A -2.6 price elasticity of demand for formwork indicates that:

Accepted Answer

Formwork demand is sensitive to hiring costs of formworkers

Answer

Formwork demand is insensitive to hiring costs of formworkers

Answer

The elasticity of demand cannot be less than 1

Answer

Formwork demand is proportional to hiring costs of formworkers

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