Multiple Choice
Assume the demand curve for shampoo is downward sloping. If the price of shampoo falls from $1.50 to $1.25 per bottle,
A) the demand for shampoo will fall.
B) the demand for shampoo will rise.
C) a larger quantity of shampoo will be demanded.
D) a smaller quantity of shampoo will be demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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