What does it indicate when the price elasticity of demand is expressed as a negative value?

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The demand responds strongly to price changesThe demand shows little sensitivity to price variationsThe demand curve slopes downwardHigher income levels lead to a decrease in quantity demandedPrice changes do not affect demand

Explanation

The price elasticity of demand is typically negative because the demand curve slopes downward, meaning that as price increases, quantity demanded decreases, which reflects the inverse relationship between price and demand.