Demand Curves Slope ________ Because as the Price Increases and Other

question 233

Multiple Choice

Demand curves slope ________ because as the price increases and other things remain the same,the quantity demanded ________.

• A) downward; decreases
• B) downward; increases
• C) upward; decreases
• D) upward; increases
• E) downward; does not change

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Definitions:

Financial Accounting Standards Board

An independent nonprofit organization responsible for establishing financial accounting and reporting standards in the United States.

Pay-As-You-Go

A financing method where expenditures are not financed by borrowing but from current revenues such as taxes.

Cafeteria-Style

A flexible benefits plan that allows employees to choose among a variety of offerings to create a benefits package tailored to their needs.