Which of the Following Statements Is False

question 147

Multiple Choice

Which of the following statements is false?

• A)A demand curve is a visual representation of a demand schedule.
• B)A demand curve is typically drawn with quantity demanded on the horizontal axis.
• C)A demand curve is derived from different quantities produced.
• D)A demand curve is typically drawn with price on the vertical axis.
• E)A demand curve is always downward sloping.

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Definitions:

Lessen Competition

A situation or strategy in which there is a reduction in the intensity of competitive forces within a market or industry.

Patent Legislation

Laws that grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention without permission.

Federal Trade Commission

A federal agency established to promote consumer protection and the elimination and prevention of anticompetitive business practices.

Wheeler-Lea Act

A United States law that amended the Federal Trade Commission Act to prohibit unfair or deceptive acts in commerce.