Multiple Choice
-What is the slope of the demand curve?
A) It is downward-sloping because when the price of a product falls,consumers are willing and able to buy more.
B) It is upward-sloping because when the price of a product falls,consumers are willing and able to buy more.
C) It is upward-sloping because when the price of a product increases,consumers are willing and able to buy more.
D) It is downward-sloping because higher prices are associated with larger quantities.
Correct Answer:
Verified
Correct Answer:
Verified
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