The price elasticity of demand is negative because the demand curve slopes downward.

Name: The price elasticity of demand is negative because the demand curve slopes downward.
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The law of demand states that as the price of a good or service increases, the quantity demanded decreases, and as the price decreases, the quantity demanded increases. This causes the demand curve to slope downward, and since price and quantity demanded have an inverse relationship, the price elasticity of demand is negative.

The Price Elasticity of Demand Is Negative Because the Demand