Sarah is studying the demand curve for her product range. As marketing manager for Lean Cuisine frozen meals she is aware of the relationship between price and the demand for her products. Sarah is aware that:
A) for most products, there is an inverse relationship between price and quantity sold.
B) the demand curve has a downward, or negative slope.
C) Both a and b.
D) The demand curve for prestige products has a downward or negative slope.
E) Both a and d.
Correct Answer:
Verified
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