Demand curves have a negative slope because :

Question

a. firms tend to produce less of a good that is more costly to produce.

b. the substitution effect always leads consumers to substitute higher quality goods for lower quality goods.

c. the substitution effect always causes consumers try to substitute away from the consumption of a commodity when the commodity's price rises.

d. an increase in price reduces real income and the income effect always causes consumers to reduce consumption of a commodity when income falls.

Wasi Rahman Sheikh · Answer

Answer option ________________C

Emad Mohammed said abdalla · Answer

Demand curves have a negative slope because The correct answer was: c. the substitution effect always causes consumers try to substitute away from the consumption of a commodity when the commodity's price rises.. the substitution effect always causes consumers try to substitute away from the consumption of a commodity when the commodity's price rises.

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

My answer is an option (C)

Alex Al Yazouri · Answer

c. the substitution effect always causes consumers try to substitute away from the consumption of a commodity when the commodity's price rises.

Khaled Anwar · Answer

The answer is : Option ( C ) ,,,,,,,,,,

khaled elkholy · Answer

c. the substitution effect always causes consumers try to substitute away from the consumption of a commodity when theCOMMODITY'S PRICE rises.

Deleted user · Answer

I appreciated the previous answers

mohamed badawy · Answer

the answer c option .......................................................................................

MUHAMMED HARIS MI · Answer

Ans. Option C is the right choice>>>>>>>>>>>>

Mohammed Fathe Shaheem · Answer

C......................................................................................