The price elasticity of demand is generally:

A) negative,but the minus sign is ignored.
B) positive,but the plus sign is ignored.
C) positive for normal goods and negative for inferior goods.
D) positive because price and quantity demanded are inversely related.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in its price, indicating how sensitive the quantity is to price changes.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a certain price level.