The Value of Price Elasticity of Demand for a Normal

Multiple Choice

The value of price elasticity of demand for a normal commodity is negative because it indicates:

A) the inverse relationship between the price and the quantity demanded for the commodity.
B) that the value of the consumer surplus is negative for a normal good.
C) that the changes in quantity demanded are much less compared to the changes in price for a normal good.
D) the direct relationship between price and consumer surplus from the commodity.