If the Price-Consumption Curve Is Upward Sloping When the Price

question 53

True/False

If the price-consumption curve is upward sloping when the price of the good measured on the horizontal axis changes,then the demand curve for that good will be upward sloping.

---

Definitions:

Operating Cycle

The duration between the acquisition of inventory by a company and the receipt of cash from accounts receivable, indicating how quickly a company turns over inventory and collects debts.

Incremental Cash Flow

The additional cash flow an organization receives from taking on a new project.

Credit Policy

Guidelines that a company follows to determine credit terms for customers, including who is offered credit and on what terms.

Derived Demand

Demand for a good or service that results from the demand for another good or service.