A demand curve:
a. has a positive slope.
b. illustrates the negative relationship between price and quantity demanded.
c. illustrates the positive relationship between price and quantity demanded.
d. is based on the assumption of a stable supply curve.
e. shifts about in a random fashion.
b
You might also like to view...
If a government wanted to increase the prosperity of a nation, it could best serve this goal by
a. protecting domestic industries from international trade, thus encouraging domestic growth. b. regulating the way in which firms can operate. c. reducing barriers that restrict the ability of potential competitors to enter markets. d. subsidizing firms that are in danger of going out of business.
The consumer optimum (for two goods, A and B) is reached when
A. TUA = TUB. B. TUA/PA = TUB/PB. C. MUA = MUB. D. MUA/PA = MUB/PB.