For most firms in the United States, demand curves are
A) upward sloping.
B) completely horizontal.
C) completely vertical.
D) C-shaped.
E) downward sloping.

Question

Quizplus · Accepted Answer

In most cases, firms in the United States face downward-sloping demand curves because as the price of a good or service increases, consumers are typically willing to purchase less of it, and vice versa.

For Most Firms in the United States, Demand Curves Are