When the Price Elasticity of Demand Is Calculated, If Price

Multiple Choice

When the price elasticity of demand is calculated, if price increases, quantity demanded decreases and if price decreases, quantity demanded increases so the result will be

A) positive when price increases and negative when it decreases
B) negative when price increases and positive when it decreases
C) greater than one when price increases and less than one when it decreases
D) less than one when price increases and greater than one when it decreases
E) negative whether we look at a price increase or decrease