Question

If the price elasticity of demand is negative number this means?

• A. Demand in price elastic
• B. Demand is price inelastic
• C. The demand curve is downward sloping
• D. An increase income will reduce the quantity demanded

Answer 1

The correct option is C The demand curve is downward sloping

solution:

With a downward-sloping demand curve, price and quantity demanded move in opposite directions, so the price elasticity of demand is always negative. and other options doesn't show any relation with price elasticity of demand is negative

hence the correct option: C