Why Is the Aggregate Demand Curve Downward Sloping

question 257

Multiple Choice

Why is the aggregate demand curve downward sloping?

• A) because the more people buy, the fewer additional purchases they need
• B) because people buy something else when the price goes up
• C) because people feel poorer and buy less when prices go up
• D) because the more people wish to consume, the lower the price is

Understand supremacy clause and how it resolves conflicts between federal and state laws.

Comprehend the concept of procedural due process and its application.

Recognize the legislative branch's checks on the judicial and executive branches.

Explain how protections against state action can extend to private activities.

---

Definitions:

Market Intelligence

Information relevant to a company’s markets, gathered and analyzed specifically for the purpose of accurate and confident decision-making in determining market opportunity, market penetration strategy, and market development metrics.

Aggregate Forecasts

Collective predictions regarding future demand, sales, or other metrics for a group of products or services over a certain time period.

Disaggregate Forecasts

The breakdown of comprehensive forecasts into detailed components, typically by product, geography, or customer segment, for more precise planning and management.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their mean, indicating how spread out the data points are.