Which of the following is NOT true of a demand curve?
A. It reflects sellers' reservations prices.
B. It relates the price of an item to the quantity demanded of that item.
C. It has negative slope.
D. It shows the amount consumers want to buy at various prices.
Answer: A
Economics
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If a $50 increase in government spending causes a $250 increase in national income, the value of the income multiplier is
a. 5 b. 0.20 c. 0.80 d. 3 e. 10
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A federal budget deficit ________ the change in government bonds issued by the U.S. Treasury and ________ the national debt
Fill in the blank(s) with correct word
Economics