The demand curve is constructed with a
A) positive slope, because as more is purchased of a good, the cost of producing it rises.
B) positive slope, because as buyers have more money, the more of a particular good will be purchased.
C) negative slope, because when people purchase more of a good, the cost to produce that good falls.
D) negative slope, because with everything else equal, buyers will purchase more of a good when its price is lower.
E) positive slope, because as the price rises, people want to sell more of the good.
Correct Answer:
Verified
Q105: An individual's demand schedule
A)provides information about what
Q106: If price of a good rises, what
Q107: If price of a good rises, what
Q108: A demand curve can be thought of
Q109: When a demand curve is constructed, each
Q111: Why does the quantity demanded decrease when
Q112: When a demand schedule is drawn as
Q113: A demand schedule shows
A)the "market potential" for
Q114: The demand curve shows graphically how much
Q115: If the price of chicken rises from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents