Because people prefer name-brand pain-relieving drugs over store-brand pain-relieving drugs,demand curves do not slope downward for pain-relieving drugs.

Question

Quizplus · Accepted Answer

Demand curves slope downward assuming all other factors do not change.Consumers may view brand-name drugs to be of higher quality than store-brand drugs,and therefore the demand curve for brand-name drugs lies to the right of the demand curve for store-brand drugs.

Because People Prefer Name-Brand Pain-Relieving Drugs Over Store-Brand Pain-Relieving Drugs,demand