A demand curve usually has a
a. negative slope because price and quantity demanded are inversely related
b. negative slope because as price rises, demand falls
c. positive slope because price and quantity demanded are positively related
d. positive slope because price and quantity demanded are inversely related
e. slope of zero because there is no change along a demand curve when everything else is held constant
A
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Compared to the world, the rate of U.S. population growth is
A) slower than in the world as a whole. B) about the same as in the world as a whole. C) much faster than in the world as a whole. D) incomparable because U.S. residents are born with a much greater chance of accumulating a lot of human capital. E) incomparable because we do not have accurate world population statistics.
If, in response to an increase in the price of pineapples, the quantity of pineapples demanded decreases, economists would describe this as
A) an decrease in demand. B) a decrease in quantity demanded. C) a decrease in consumers' taste for pineapples. D) a change in consumer income.