A Demand Curve

question 442

Multiple Choice

A demand curve

• A) slopes down because of the inverse relationship between price and quantity demanded.
• B) slopes up because of the direct relationship between price and quantity demanded.
• C) can slope up or down depending on the tastes of the consumer.
• D) is vertical for necessities, upward sloping for luxury goods, and downward sloping for all other goods.

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Definitions:

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