If Wilson Sporting Goods faces a standard demand curve that exists for most products, as it raises the price of its tennis rackets, the
A) quantity demanded goes down.
B) demand remains constant.
C) quantity demanded increases.
D) demand increases.
E) breakeven increases.

Question

Quizplus · Accepted Answer

Based on the standard demand curve, as the price of a product increases, the quantity demanded by consumers decreases. Therefore, if Wilson Sporting Goods raises the price of its tennis rackets, the quantity of rackets demanded by consumers will decrease.

If Wilson Sporting Goods Faces a Standard Demand Curve That