The demand curve for a typical good has
a. a negative slope because some consumers switch to other goods as the price of the good rises.
b. a negative slope because the supply of the good rises as demand rises.
c. a negative slope because the good has less "snob appeal" as its price falls.
d. an inverse slope because as the price goes up, the good has more profitability.
e. a positive slope because price is a clear indicator of need.
a
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A country has imports of goods and services at $2,000 billion. The interest paid to the rest of the world is $500 billion. The interest received from the rest of the world is $400 billion. The decrease in official reserves is $10 billion
The government sector balance is $200 billion, savings is $1,800 billion, investment is $2,000 billion, and net transfers is zero. What are net exports? A) $0 B) -$100 billion C) -$200 billion D) $100 billion E) $200 billion
The ________, the difference between the interest rate on Baa corporate bonds and U.S. Treasury bonds. rose sharply during the Great Depression
A) credit boom B) credit spread C) adjustable-rate D) default swap
Inflation refers to an increase in the
a. price level. b. rate of inflation. c. total income. d. real GDP.
How do population growth and economic growth impact global poverty?
What will be an ideal response?