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:

Common Stockholders

Individuals or entities that own shares in a corporation, representing claims on the company's assets and earnings.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.

General Partnership

A business arrangement where two or more individuals share ownership and the responsibility for managing a company and the liability for the company's debts.

Limited Liability

A legal framework where a company's shareholders' financial liability is limited to the amount they invested in the company.