If you are the only mechanic in town which of the following is true about your demand curve?
A)You don't have one, it is all about supply.
B)it will be a downward sloping curve.
C)it will be a straight line.
D)it will be an upward sloping curve.
E)None of the above.

Question

Quizplus · Accepted Answer

The demand for the mechanic's services will likely exhibit a downward sloping curve, as customers are willing to pay less for additional units of repair services. However, it should be noted that being the only mechanic in town may also affect supply, as the mechanic may have limited capacity to service all customers' demands, particularly during busy times.

If You Are the Only Mechanic in Town Which of the Following