What Would It Mean If a Demand Curve Sloped Upward

question 41

Multiple Choice

What would it mean if a demand curve sloped upward?

• A) Quantity demanded drops as the price increases.
• B) Quantity demanded increases as the price increases.
• C) There is no relationship between price and quantity demanded.
• D) Quantity demanded increases as the price drops.

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Definitions:

IaaS

Infrastructure as a Service, a form of cloud computing that provides virtualized computing resources over the internet.

Technology Companies

Businesses that focus on the development, production, and marketing of electronics, software, computers, and other technological goods or services.

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Cloud computing environments that are tailored for use in specific industries, offering specialized resources and services to meet industry-specific requirements and regulations.

Industry

A sector of the economy that is concerned with the production and manufacturing of goods or the provision of services.