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Why is price elasticity of demand has ne...

Why is price elasticity of demand has negative sign always ?

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Price elasticity of demand is generally negative because of the inverse relationship between price and quantity demanded.
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Why is price elasticity of demand generally negative ?

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Knowledge Check

  • Price elasticity of demand measure shows :

    A
    Response of price to change in demand
    B
    Response of demand to change in price
    C
    Degree of response of price to change in demand
    D
    Degree of response of demand to change in price

  • Price elasticity of demand is best defined as :

    A
    Change in the tastes of cpmsi,ers at doffermet prices.
    B
    Change in demand when income of the consumer increases.
    C
    The rate of response of demand toa change in pirce.
    D
    The rate of response of demand to change in pirce of related goods.

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