The Demand Curve for Good X Is a Straight Downward-Sloping

question 95

Multiple Choice

The demand curve for good X is a straight downward-sloping line. It follows that the demand for good X is ________ elastic at __________ prices than at __________ prices.

• A)less; lower; higher
• B)more; lower; higher
• C)more; higher; lower
• D)less; higher; lower
• E)a and c

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Definitions:

National Labor Unions

Labor organizations that represent workers from various industries across the country, advocating for broad labor rights and policies.

Rail Industry

The sector of the economy dedicated to the operation of rail transportation, including companies that operate trains and manage rail infrastructure.

Labor Organizations

Groups formed by workers to promote and protect their rights and interests, including trade unions.

American Federation of Labor

A national federation of labor unions in the United States, established in 1886, that aimed to organize skilled workers into national unions according to their crafts.