The price elasticity of demand is generally negative to reflect the indirect relationship between the quantity demanded of a good and its price.

Name: The price elasticity of demand is generally negative to reflect the indirect relationship between the quantity demanded of a good and its price.
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The price elasticity of demand is typically negative because as the price of a good increases, the quantity demanded usually decreases, and vice versa, indicating an inverse relationship.

The Price Elasticity of Demand Is Generally Negative to Reflect