Select the words that BEST complete the following sentence. Most demand curves slope__________ in either a straight or a curved line; but for luxury goods the demand curve sometimes slopes _________.
A) constant; dynamic
B) reverse; inverse
C) inverse; reverse
D) downward; upward
E) upward; downward

Question

Quizplus · Accepted Answer

Most demand curves slope downward in either a straight or a curved line; but for luxury goods the demand curve sometimes slopes upward, indicating that as the price rises, demand for the luxury good also rises.

Select the Words That BEST Complete the Following Sentence