Because demand curves are usually downward sloping, the price elasticity of demand is:
A)usually positive.
B)usually greater than 1.
C)positive or negative.
D)usually negative.

Question

Quizplus · Accepted Answer

Demand curves are usually downward sloping, meaning as price increases, quantity demanded decreases. This negative relationship results in a negative elasticity of demand.

Because Demand Curves Are Usually Downward Sloping, the Price Elasticity