-What is the slope of the demand curve?
A)It is downward-sloping because when the price of a product falls,consumers are willing and able to buy more.
B)It is upward-sloping because when the price of a product falls,consumers are willing and able to buy more.
C)It is upward-sloping because when the price of a product increases,consumers are willing and able to buy more.
D)It is downward-sloping because higher prices are associated with larger quantities.

Question

-What is the slope of the demand curve?
A)It is downward-sloping because when the price of a product falls,consumers are willing and able to buy more. 
B)It is upward-sloping because when the price of a product falls,consumers are willing and able to buy more. 
C)It is upward-sloping because when the price of a product increases,consumers are willing and able to buy more. 
D)It is downward-sloping because higher prices are associated with larger quantities.

Quizplus · Accepted Answer

The demand curve is downward-sloping because as the price of a product decreases, consumers are more willing and able to purchase greater quantities, reflecting the law of demand.

-What Is the Slope of the Demand Curve