According to the law of demand, a demand curve
A. Has a negative slope.
B. Has a positive slope.
C. Exceeds the economy's ability to produce.
D. Is a horizontal or flat line.
Answer: A
You might also like to view...
A recent article suggests that the introduction of the new iPhone 6 increased the demand for iPhone protective cases. The article suggests that these two goods are
A) substitutes and their indifference curves are close to being straight lines. B) complements and their indifference curves are close to being straight lines. C) substitutes and their indifference curves are close to being L shaped. D) complements and their indifference curves are close to being L shaped.
The price of coal fell and the quantity sold also fell. Everything else being equal, it is consistent that
A. the price of oil fell. B. coal miners received large wage increases. C. more efficient mining equipment was installed. D. consumer incomes rose. E. the supply of coal fell.