Suppose that the demand curve for apples is downward sloping and the price per pound decreases from $1.25 to $1.00. We would then expect
A. the demand for apples to decrease.
B. the demand curve to shift toward the origin.
C. the quantity of apples demanded to fall.
D. the quantity of apples demanded to increase.
Answer: D
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The monopolist faces:
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a. True b. False Indicate whether the statement is true or false