The demand curve facing a price setter:
A) is vertical.
B) is horizontal.
C) is upward sloping.
D) is downward sloping.

Name: The demand curve facing a price setter: A) is vertical. B) is horizontal. C) is upward sloping. D) is downward sloping.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The demand curve facing a price setter is downward sloping, indicating that as the price of the product increases, the quantity demanded by consumers will decrease, while a decrease in price will lead to an increase in quantity demanded.

The Demand Curve Facing a Price Setter