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What will increase in the price result in if the demand curve for good X is downward-sloping?
A. An increase in the demand for good X.
B. A decrease in the demand for good X.
C. No change in the quantity demanded good X.
D. A larger quantity demanded good X.
E. A smaller quantity demanded good X.

This question is part of economics quiz 3 microeconomics

Asked by Mary, Last updated: Aug 31, 2020

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5 Answers

rosariocmanahan

rosariocmanahan

rosariocmanahan
Rosariocmanahan

Answered Apr 30, 2017

When the price changes, the opposite effect is that the quantity of good x demand will decrease
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John Adney

John Adney

John Adney
B

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John Smith

John Smith

John Smith
John Smith

Answered Sep 11, 2016

A smaller quantity demanded for good X.
When price changes there is a opposite change in the quantity demanded as measured on the horizontal axis.
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John Adney

John Adney

John Adney
John Adney

Answered Jan 12, 2017

A smaller quantity demanded for good x
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John Adney

John Adney

John Adney
A smaller quantity demanded for good x
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