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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: Mar 30, 2020

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5 Answers

rosariocmanahan

Rosariocmanahan

Answered Apr 30, 2017

When the price changes, the opposite effect is that the quantity of good x demand will decrease
1
 

John Adney

B

1
 

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.
1
 

John Adney

John Adney

Answered Jan 12, 2017

A smaller quantity demanded for good x
 

John Adney

A smaller quantity demanded for good x
 

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