The Demand Curve for a Typical Good Has A(n)

question 43

Multiple Choice

The demand curve for a typical good has a(n) :

• A)negative slope because some consumers switch to other goods as the price rises.
• B)negative slope because consumer incomes fall as the price of the good rises.
• C)negative slope because the good has less "snob appeal" as its price falls.
• D)inverse slope because as the price goes up, the good has more profitability.
• E)positive slope because price is a clear indicator of need.

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