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- Subject
- Supply and Demandeconomics-mcqs › supply-and-demand
- Published
- 10 Oct 2021
- Last updated
- 28 May 2026
What is the typical shape of a demand curve?
Multiple choice question for Supply and Demand. Select an option, then review the explanation below.
Explanation
The demand curve generally slopes downward, indicating that as price decreases, quantity demanded increases. This inverse relationship between price and quantity is a fundamental principle in economics.
More Supply and Demand MCQs
Practice related questions from the same subject.
- 1.What term describes a company earning profits beyond its normal profit level?
- 2.How does an increase in marginal cost affect output, and how does an increase in marginal revenue impact output?
- 3.Marginal revenue refers to the ________ resulting from producing an additional ________ of output.
- 4.What are firms generally assumed to do with their costs and profits?
- 5.What term describes the added satisfaction gained from consuming an additional unit of a product?