The Home Import Demand Curve Is Downward Sloping Because

question 4

Multiple Choice

The Home import demand curve is downward sloping because:

• A)as the government forces the price down, consumers buy more.
• B)foreign companies want to help domestic competitors.
• C)as the price falls below domestic equilibrium, the shortage in demand is filled by importing more quantity from abroad.
• D)consumers can control the price of the good.

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Definitions:

Independent Variable

A factor or condition that is manipulated in an experiment to determine its effect on a dependent variable.

Dependent Variable

In an experiment or study, it's the variable being tested and measured, which is expected to be influenced by another variable (the independent variable).

Dependent Variable

A variable in a scientific experiment that changes in response to the manipulation of the independent variable.

Independent Variable

In research, the variable that is manipulated to observe its effect on a dependent variable.