One Reason for the ________ Slope of the Demand Curve

question 44

Multiple Choice

One reason for the ________ slope of the demand curve is that as prices fall ________.

• A)upward; people expect goods to be of lower quality.
• B)upward; more people purchase the good.
• C)downward; more people find that the price is less than their reservation price.
• D)downward; fewer people find that the price equals their reservation price.

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Definitions:

Open Sentence

A statement or expression containing one or more variables that can produce a truth value only when values are assigned to the variables.

Singular

Refers to something that is unique, individual, or one of a kind.

Open Sentence

A mathematical statement containing one or more variables where its truth value depends on the values assigned to its variables.

Open Sentence

A statement or equation that contains one or more variables, which makes it neither true nor false until the variables are specified.