Price elasticity of demand of good $X$ is $- 2$ and good $Y$ is $- 3$ . Which of the two goods is more price elastic and why?

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Solution

Demand of good $Y$ is more elastic as compared to good $X$ . Due to negative relationship between price and demand, elasticity of demand is a negative number. But in case of elasticity negative sign does not matter.
That is, Mathematically, $- 2 > - 3$
But, in context of elasticity, $- 3 > - 2$

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Price elasticity of demand of good X is −2 and good Y is −3. Which of the two goods is more price elastic and why?

Demand of good Y is more elastic as compared to good X. Due to negative relationship between price and demand, elasticity of demand is a negative number. But in case of elasticity negative sign does not matter.That is, Mathematically, −2>−3But, in context of elasticity, −3>−2

Price elasticity of demand of good $X$ is $- 2$ and good $Y$ is $- 3$ . Which of the two goods is more price elastic and why?

Demand of good $Y$ is more elastic as compared to good $X$ . Due to negative relationship between price and demand, elasticity of demand is a negative number. But in case of elasticity negative sign does not matter.
That is, Mathematically, $- 2 > - 3$
But, in context of elasticity, $- 3 > - 2$