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

Question

Quizplus · Accepted Answer

The price elasticity of demand for a normal demand curve is always negative because as price increases, quantity demanded decreases, and vice versa, reflecting the inverse relationship between price and quantity demanded.

For a Normal Demand Curve, the Price Elasticity of Demand