Product differentiation causes the seller of a good to face what type of demand curve?

Question

Quizplus · Accepted Answer

Product differentiation leads to a unique product or service, resulting in the creation of a new market that caters to customers' specific preferences or demands. As a result, consumers are willing to pay more for differentiated goods or services. Hence, the demand curve of a seller with a differentiated product is downward sloping since the seller has some control over the price, and as they increase the price, the quantity demanded by consumers tends to decrease.

Product Differentiation Causes the Seller of a Good to Face