The demand curve for a typical good has
a. a negative slope because some consumers switch to other goods as the price of the good rises.
b. a negative slope because the supply of the good rises as demand rises.
c. a negative slope because the good has less "snob appeal" as its price falls.
d. an inverse slope because as the price goes up, the good has more profitability.
e. a positive slope because price is a clear indicator of need.
a
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A price ________ is a regulated ________ that must be set below the equilibrium price to have an effect
A) floor; price B) floor; quantity C) ceiling; price D) ceiling; quantity
The risk premium of corporate bonds typically increases
A) when the average price of corporate bonds increase. B) during a recession. C) when the interest rates on corporate bonds decreases. D) when the risk premium on treasury bonds increases.