If the Demand Curve for Oranges Is a Downward Sloping

question 418

Multiple Choice

If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the

• A) higher the price of oranges.
• B) higher the price of other fruits.
• C) higher the income level of consumers.
• D) lower the price of oranges.

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Definitions:

Suspected Cause

A factor that is believed or speculated to be the reason behind a certain condition or event, often investigated in causal research.

Initial Knowledge

The foundational information or understanding one has at the beginning of a learning process or inquiry.

Method

A systematic plan, procedure, or technique used to accomplish a specific task or solve a particular problem.

Method of Agreement

A principle in inductive reasoning that identifies a cause of a phenomenon by finding common factors in different instances where the phenomenon occurs.