Because Price and Quantity Demanded Are Inversely Related

question 43

Multiple Choice

Because price and quantity demanded are inversely related,

• A) the demand curve is usually upward-sloping
• B) buyers purchase more of the good as the price rises
• C) the supply curve must be rising
• D) price and quantity supplied must be positively related
• E) the demand curve is usually downward-sloping

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Definitions:

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The responsibility of a company to act ethically and contribute positively to the community and environment where it operates, beyond its economic obligations.

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A hoax created in the 19th century, involving the display of what was claimed to be the body of a mermaid, but was actually a fabricated creature.

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