Which Is True If a Firm Faces a Downward-Sloping Demand

question 21

Multiple Choice

Which is true if a firm faces a downward-sloping demand curve? AU: Edit ok?

• A) The demand for its product must be inelastic.
• B) It can control both price and quantity sold.
• C) It must reduce its price to sell more units.
• D) It will always make a profit.

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