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Which Is True If a Firm Faces a Downward-Sloping Demand

Question 21

Multiple Choice

Which is true if a firm faces a downward-sloping demand curve? AU: Edit ok?


A) The demand for its product must be inelastic.
B) It can control both price and quantity sold.
C) It must reduce its price to sell more units.
D) It will always make a profit.

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