The Slope of a Demand Curve Is Almost Always

question 51

Multiple Choice

The slope of a demand curve is almost always

• A)positive, because when people buy more of a good the cost of producing it will rise.
• B)positive, because the more money a person has, the more of a particular good will be bought.
• C)negative, because when people buy more of a good the cost of producing it will fall.
• D)negative, because with everything else equal, the same people will buy more of a good when its price is lower.
• E)positive, because as the price rises, people want to sell more of the good.

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Definitions:

Echoic Memory

A subtype of sensory memory that retains auditory information for a short period after the original sound is heard.

Fleeting Memory

A brief or rapidly fading memory, often unable to be recalled after a short period of time.

Paying Attention

The act of focusing cognitive resources on a particular stimulus or task, while filtering out distractions.

Professor's Lecture

An educational talk given by a professor to students, usually as part of a university or college course, intended to convey knowledge on a particular subject.