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

For most firms in the United States, demand curves are downward sloping. This means that as the price of a good or service increases, the quantity demanded by consumers will decrease. This is due to the law of demand, which states that as the price of a good or service increases, the quantity demanded of that good or service will decrease, ceteris paribus.

For Most Firms in the United States, Demand Curves Are