If a 10 percent rise in the price of goods leads to a 10 percent decrease in quantity demanded,the demand curve for this good
A)is vertical.
B)is horizontal.
C)has slope equal to -1.
D)is a straight line with slope equal to -10.
E)is downward sloping and bowed toward the origin.

Question

Quizplus · Accepted Answer

The Answer of If a 10 percent rise in the price of goods leads to a 10 percent decrease in quantity demanded,the demand curve for this good
A)is vertical.
B)is horizontal.
C)has slope equal to -1.
D)is a straight line with slope equal to -10.
E)is downward sloping and bowed toward the origin.

If a 10 Percent Rise in the Price of Goods