Demand Slopes Down Because

question 167

Multiple Choice

Demand slopes down because:

• A) supply slopes up, and supply and demand must intersect.
• B) consumers focus too much on the price of goods when they choose the quantity to demand.
• C) goods usually only have a single use.
• D) consumers will choose to use goods only in their most valuable uses when prices are high.

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Definitions:

Operating Lease

Usually a shorter-term lease where the lessor is responsible for insurance, taxes, and upkeep. Often cancellable on short notice.

Sale And Leaseback

A financial lease in which the lessee sells an asset to the lessor and then leases it back.

Maintenance

The routine care and servicing by personnel for the purpose of maintaining equipment or facilities in satisfactory operating condition.