Because the market demand curve slopes downward

a. each unit of a good is worth more than the market price
b. each unit of a good is worth the market price paid for each
c. each unit of a good is worth less than the previous units are worth
d. diminishing marginal returns have set it
e. the market is efficient


C

Economics

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An indifference curve shows

A) the relationship between prices and a household's budget. B) all possible prices and preferences for a good. C) combinations of goods among which a household is indifferent. D) budget lines among which a consumer is indifferent.

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If the price of hairspray is represented by P in the equation P = 10 - 0.2 QD, then the corresponding quantity of hairspray demanded is represented by the demand equation

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Economics