For a normal demand curve,the price elasticity of demand will:
A)always be positive.
B)always be greater than 1.
C)usually be equal to 1.
D)always be negative.

Question

Quizplus · Accepted Answer

The price elasticity of demand measures how much the quantity demanded of a good responds to a change in the price of that good. For a normal demand curve, as the price increases, the quantity demanded decreases, and vice versa, indicating a negative relationship between price and quantity demanded. Hence, the price elasticity of demand is always negative for a normal demand curve.

For a Normal Demand Curve,the Price Elasticity of Demand Will