Choices that maximize total utility generally produce demand curves that are:
A) horizontal.
B) upward sloping.
C) downward sloping.
D) linear.

Question

Quizplus · Accepted Answer

Demand curves that are downward sloping indicate that as price decreases, the quantity demanded increases. This suggests that consumers are willing to purchase more of a good as it becomes cheaper, which can result in a higher total utility. Therefore, choices that maximize total utility often result in a downward sloping demand curve.

Choices That Maximize Total Utility Generally Produce Demand Curves That