Which of the Following Is an Implication of Demand Curves

question 23

Multiple Choice

Which of the following is an implication of demand curves sloping downward?

• A)Buyers will purchase greater quantities of a good or service as its price falls.
• B)Sellers will supply greater quantities of a good or service as its price increases.
• C)Buyers will purchase greater quantities of a good or service as their incomes fall.
• D)Sellers will supply greater quantities of a good or service as taxes increase.AACSB Analytical thinking BT: K

---

Definitions:

Annuity Due

A series of equal payments made at the beginning of consecutive periods over a fixed length of time.

Interest Rate

The cost incurred by a borrower from a lender for the use of assets, represented as a proportion of the principal.

Payments

Transactions or transfers of money from one party to another, often in exchange for goods or services.

Annuity

A series of payments of a fixed amount for a specified number of periods.