A demand curve is ________ sloping because ________.
A)downward; of increasing opportunity costs
B)upward; people prefer to purchase high-quality consumer goods
C)downward; reservation prices tend to fall over time
D)downward; fewer people are willing to buy an item at higher prices

Question

Quizplus · Accepted Answer

The demand curve is downward sloping because the lower the price, the more people will find that the price is less than their reservation price.

A Demand Curve Is ________ Sloping Because ________

A Demand Curve Is Sloping Because