Assume the Demand Schedule for Cookies Is Downward Sloping

question 79

Multiple Choice

Assume the demand schedule for cookies is downward sloping.If the price of cookies falls from $1.50 to $1.25 per dozen,

• A)the demand for cookies will fall.
• B)the demand for cookies will rise.
• C)a larger quantity of cookies will be demanded.
• D)a smaller quantity of cookies will be demanded.

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