Which of the Following Is True of a Market Demand

question 34

Multiple Choice

Which of the following is true of a market demand curve?

• A)It might slope upward if the typical consumer has an upward-sloping individual demand curve.
• B)It can never slope upward.
• C)It will slope upward if at least one consumer has an upward-sloping individual demand curve.
• D)It will slope upward if individual demand curves are inelastic.

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Definitions:

Double

An increase by 100% or a factor of two in a particular measure or quantity.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Redeemed

Redeemed refers to the action of exchanging a financial instrument, such as a bond or preferred stock, for cash or another form of value, often at its maturity or a predetermined price.

Bond

A promissory note issued by a business or a governmental unit.