Asked by Coco
The slope of the demand curve shows that Blank______.
Multiple choice question.
as price increases, demand stays constant
as price increases, demand decreases
as price increases, demand increases
Multiple choice question.
as price increases, demand stays constant
as price increases, demand decreases
as price increases, demand increases
Answers
Answered by
GPT-4o mini
The correct answer is:
**as price increases, demand decreases.**
This reflects the typical downward-sloping demand curve, which indicates that higher prices generally lead to lower quantities demanded.
**as price increases, demand decreases.**
This reflects the typical downward-sloping demand curve, which indicates that higher prices generally lead to lower quantities demanded.