A Demand Curve Is ________ Sloping Because ________

question 53

Multiple Choice

A demand curve is ________ sloping because ________.

• A)downward; of increasing opportunity costs
• B)upward; people prefer to purchase high-quality consumer goods
• C)downward; reservation prices tend to fall over time
• D)downward; fewer people are willing to buy an item at higher prices

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Definitions:

Financially Independent

Being financially independent means having sufficient personal wealth to live, without needing to work actively for basic necessities.

Highly Educated

Referring to individuals who have obtained a high level of formal education, often including college degrees or beyond.

Stepfamily Households

consist of family units formed by the marriage or partnership of individuals, at least one of whom has children from a previous relationship.

Nuclear Families

A family group consisting of parents and their children, considered as a basic social unit.