Which of the following shows why individual demand curve ...
Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
More of commodities are offered for sale at a lower than higher prices
Marginal utility falls as consumption increases
The higher the price, the higher the quantity offered for sale
Prices are usually falling when demand is low
Correct answer is A
A normal demand curve slopes downward from left to right indicating at higher price, less quantity will be demanded and vice versa.
Efficiency in production involves ...
The coefficient of price elasticity of demand is zero when demand is ...
In the short-run, the monopoly makes______ ...
Provision of short-term loans to solve balance of payments problems is done by the ...
Which of the following is not a problem in the barter economy? ...
An upward movement along the same supply curve results in ...
Goods are said to be in competitive demand when they ...
The ordinary partner in a partnership ...
A rational consumer tends to do all the following except ...