If the demand curve is a straight line and has the normal negative slope, then as quantity demanded increases, demand
a. becomes more elastic
b. becomes more inelastic
c. is unitary elastic
d. rises and then falls
e. is an inverse function of supply
B
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Define gross investment and net investment. Discuss the relationship between gross investment and net investment
What will be an ideal response?
Export promotion is widely regarding by economists as a positive role for government policy makers to play because it is very effective at promoting economic growth
Indicate whether the statement is true or false
Oliver just brought home a new kitten. We could expect Oliver’s demand for:
A. cat toys, a complementary good, to increase. B. cat toys, a complementary good, to decrease. C. dog toys, a substitute good, to increase. D. dog toys, a substitute good, to decrease.
Which of the following supply shocks will shift the long-run aggregate supply curve rightward?
What will be an ideal response?