Assuming the demand curve in question is downward sloping,the calculated price elasticity of demand will always be negative.

Question

Quizplus · Accepted Answer

This is because price elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price, and as the price increases, the quantity demanded typically decreases (assuming a normal good), resulting in a negative value for elasticity.

Assuming the Demand Curve in Question Is Downward Sloping,the Calculated