An individuals demand curve is down sloping because_____________________?
Correct answer: D. Price and quantity demanded are inversely related
- A. None
- B. P & D are directly related
- C. There is no relation bet P & D
- D. Price and quantity demanded are inversely related
Explanation
An individual's demand curve slopes downward because price and quantity demanded generally move in opposite directions, assuming other factors remain constant. A lower price normally encourages consumers to buy more, while a higher price reduces quantity demanded.
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