QUESTION 18 The demand curve slopes downward because of: the fact that consumers
ID: 1193255 • Letter: Q
Question
QUESTION 18
The demand curve slopes downward because of:
the fact that consumers are fickle, which makes pricing a good or service very difficult.
the fact that consumers cannot decide how much they want to pay for goods and services.
the fact that suppliers cannot decide how much to charge for the goods and services they supply.
diminishing marginal utility and consumer equilibrium.
the fact that consumer tastes and preferences change rapidly.
a.the fact that consumers are fickle, which makes pricing a good or service very difficult.
b.the fact that consumers cannot decide how much they want to pay for goods and services.
c.the fact that suppliers cannot decide how much to charge for the goods and services they supply.
d.diminishing marginal utility and consumer equilibrium.
e.the fact that consumer tastes and preferences change rapidly.
Explanation / Answer
d. diminishing marginal utility and consumer equilibrium.