The Demand Curve Facing a Single-Price Monopolist Slopes Downward Because

question 100

Multiple Choice

The demand curve facing a single-price monopolist slopes downward because

• A)its average revenue equals its marginal revenue.
• B)its demand curve is the market demand curve,which is generally downward sloping.
• C)demand is perfectly inelastic.
• D)it sells typically to only one consumer.
• E)its supply curve is upward sloping.

---

Definitions:

Cultural Expectations

The norms and shared beliefs that dictate what behaviors are acceptable and expected within a given culture.

Sexual Behavior

Any activity—solitary, between two people, or in a group—that induces sexual arousal and may lead to orgasm.

Personality Traits

Enduring characteristics that describe an individual's behavior.

Adoptive Parents

Individuals or couples who become the legal parents of a child that is not biologically their own through the legal process of adoption.