Figure 8.1 Market for Traditional Beans in Small Village

Figure 8.1
Market for Traditional Beans in Small Village

-According to Figure 8.1 the local demand schedule (LD) slopes downward because_____________.

A) As the bean price falls,some buyers choose to purchase fewer beans,and some choose to leave the local bean market altogether
B) As the bean price rises,some sellers choose to sell more beans,and some choose to enter the local bean market
C) As the bean price falls,some sellers choose to sell fewer beans,and some choose to leave the local bean market altogether
D) As the bean price rises,some buyers choose to purchase fewer beans,and some choose to leave the local bean market altogether