Which of the Following Is TRUE About Demand Curves

question 18

Multiple Choice

Which of the following is TRUE about demand curves?

• A) Demand curves are negatively sloped.
• B) Demand curves are U-shaped.
• C) Demand curves are positively sloped.
• D) Demand curves are vertical.

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Definitions:

Decline

A gradual deterioration in condition, quality, or level.

Abstinence Syndrome

A characteristic cluster of symptoms that results from a sudden decrease in the level of usage of a substance.

Sudden Decrease

An abrupt reduction or drop in a quantity or quality, which can relate to anything from financial markets to personal health.

Conventional Thought

A stage of cognitive development where individuals' reasoning becomes based on conformity to social standards, rules, and laws.