The Demand Curve Is Downward Sloping Because

question 141

Multiple Choice

The demand curve is downward sloping because

• A) the price must rise to induce firms to increase quantity supplied.
• B) a reduction in the price of a good causes individuals to increase their purchase of that good.
• C) an increase in the price will cause a leftward shift in the demand curve.
• D) all of the above.

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