An Implication of the Downward Slope of the Demand Curve

question 34

Multiple Choice

An implication of the downward slope of the demand curve for a monopolistic competitive firm is that

• A) its marginal revenue curve slopes upward.
• B) its marginal revenue curve and its demand curve are identical (same) line.
• C) its marginal revenue curve slopes downward but lies above the demand curve.
• D) its marginal revenue curve slopes downward but lies below the demand curve.

---

Definitions:

Love

Love is a complex set of emotions, behaviors, and beliefs associated with strong feelings of affection, protectiveness, warmth, and respect for another person.

Affection

A feeling of fondness or liking towards someone or something.

Normative Influence

Social influence that leads to conformity, motivated by the desire to adhere to the expectations of others or to gain social approval.

Backpacks

Portable bags carried on one's back and secured with two straps that go over the shoulders, used for carrying items.