The Demand Curve Is Downward Sloping Because

question 117

Multiple Choice

The demand curve is downward sloping because:

• A) Producers are willing to supply more of the good only at higher prices.
• B) Consumers are willing to buy less of the good only at lower prices.
• C) Producers are willing to supply more of the good only at lower prices.
• D) Consumers are willing to buy more of the good only at lower prices.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its decrease in value over time.

Cash Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.

Investing Activities

Financial activities related to buying or selling long-term assets and investments, a key component of a company’s cash flow statement.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowing of the company.