Multiple Choice
The demand curve is downward sloping because
A) price and quantity have a direct relationship.
B) price and quantity have an inverse relationship.
C) price is always constant.
D) demand is based on supply.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: A surplus can be eliminated by lowering
Q54: What condition defines a surplus?
Q55: Two goods are substitutes when<br>A) the more
Q56: Table 3.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 3.2
Q57: The substitution effect does not apply to
Q59: An increase in the number of firms
Q60: The upward slope of the supply curve
Q61: An increase in the price of one
Q62: When a good is sold at its
Q63: An increase in demand occurs when the