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Question 5

a downward sloping demand curve means that?

  • A.total revenue declines as price is lowered
  • B.demand falls as output rises
  • C.demand falls as output falls
  • D.price must be lowered to sell more
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2018
Question no.
#5
Type
Objective
Previous · Q4producers operating in a free market economy are more efficient as a resulf of? Next · Q6 if the price of commodity X rises and consumers shift to commodity Y, then…

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