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

Question

BlackTom AI · Accepted Answer

When we consider the downward slope of the demand curve, we are examining how quantity demanded responds to changes in price. 
Option 1: 'quantity demanded, price' reverses the relationship. The demand curve shows that, all else equal, as price changes, quantity demanded moves in the opposite direction, not that quantity demanded causes price to rise.
Option 2: 'quantity supplied, quantity demanded' mixes two distinct concepts. The demand curve deals with consumers' quantity demanded at various prices, not the interaction between quantity supplied and quantity demanded, which is a feature of the overall market equilibrium rather than the downward slope of the demand curve itself.
Option 3: 'price, quantity demanded' correctly identifies the pattern described by the Law of Demand: when price rises, the quantity demanded falls, resulting in a downward-sloping demand curve.
Option 4: 'price, quantity supplied' relates to the supply side of the market. The downward slope of the demand curve does not describe the relationship between price and quantity supplied, which is more pertinent to the supply curve and market equilibrium rather than the demand curve alone.

ECON&202 33295 Chapter 3 Quiz

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

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Similar Questions

Assuming all other factors remain the same, in a demand curve for most items, raising the price of a purchase typically results in _______.

18. The law of the demand states that there is a _______________ between the price and the quantity of the demand

Which is of the following statements is correct?

When quantity demanded decreases in response to a change in price:

经济学家将价格升高导致需求量降低的关系称为 _____________。

需求的性质表明，随着商品价格的上涨：

需求曲线向下倾斜再次说明了随着 _ 上升，_____ 下降的模式。

Economists refer to the relationship that a higher price leads to a lower quantity demanded as the _____________.

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ECON&202 33295 Chapter 3 Quiz

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

View Explanation

Log in for full answers

Similar Questions

Assuming all other factors remain the same, in a demand curve for most items, raising the price of a purchase typically results in _______.

18. The law of the demand states that there is a _______________ between the price and the quantity of the demand

Which is of the following statements is correct?

When quantity demanded decreases in response to a change in price:

经济学家将价格升高导致需求量降低的关系称为 _____________。

需求的性质表明，随着商品价格的上涨：

需求曲线向下倾斜再次说明了随着 _____________ 上升，_________________ 下降的模式。

Economists refer to the relationship that a higher price leads to a lower quantity demanded as the _____________.

More Practical Tools for Students Powered by AI Study Helper

Making Your Study Simpler

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

需求曲线向下倾斜再次说明了随着 _ 上升，_____ 下降的模式。