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The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases.

A. quantity demanded, price
B. quantity supplied, quantity demanded
C. price, quantity demanded
D. price, quantity supplied

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Margaux Elysse C. Siason
Margaux Elysse C. SiasonLv6
3 Sep 2020

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Related questions

The demand curve for a good is a line that relates:

a. price and quantity demanded.

b. income and quantity demanded.

c. quantity demanded and quantity supplied.

d. price and income.

The demand curve for a good is 1) a line that relates price and quantity demanded. 2) a line that relates income and quantity demanded. 3) a line that relates quantity demanded and quantity supplied. 4) a line that relates price and income.

A demand curve that illustrates the law of demand​ ______.

A. shows that the quantity demanded increases as the price rises.

B. has a positive slope.

C. is upward sloping.

D. shows that the quantity demanded increases as the price falls.

1. Market equilibrium occurs when

a. demand equals supply

b. quantity demanded equals quantity supplied

c. The consumer expectations match the producer's expectations

d. Efficiency and equal distribution are achieved 

 

2. If a surplus exists in a market, then

a. Price is above market equilibrium and quantity demanded is less than quantity supplied

b. Price is below market equilibrium and quantity demanded is less than quantity supplied

c. Price is above market equilibrium and quantity demanded is greater than quantity supplied

d. Price is below market equilibrium and quantity demanded is greater than quantity supplied

 

3. When the price falls below market equilibrium

a. A surplus occurs

b. A shortage occurs

c. There will be an increase in quantity supplied

d. There will be a leftward shift of the supply curve

 

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