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If the demand curve for apples is downward-sloping, then an increase in the price of apples will result in
  • a)
    An increase in the demand for apples.
  • b)
    No change in the quantity demanded for apples.
  • c)
    Larger quantity demanded for apples.
  • d)
    A smaller quantity demanded for apples.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
If the demand curve for apples is downward-sloping, then an increase ...
When price changes there is an opposite change in the quantity demanded as measured on the horizontal axis.
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If the demand curve for apples is downward-sloping, then an increase in the price of apples will result ina)An increase in the demand for apples.b)No change in the quantity demanded for apples.c)Larger quantity demanded for apples.d)A smaller quantity demanded for apples.Correct answer is option 'D'. Can you explain this answer?
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If the demand curve for apples is downward-sloping, then an increase in the price of apples will result ina)An increase in the demand for apples.b)No change in the quantity demanded for apples.c)Larger quantity demanded for apples.d)A smaller quantity demanded for apples.Correct answer is option 'D'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about If the demand curve for apples is downward-sloping, then an increase in the price of apples will result ina)An increase in the demand for apples.b)No change in the quantity demanded for apples.c)Larger quantity demanded for apples.d)A smaller quantity demanded for apples.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the demand curve for apples is downward-sloping, then an increase in the price of apples will result ina)An increase in the demand for apples.b)No change in the quantity demanded for apples.c)Larger quantity demanded for apples.d)A smaller quantity demanded for apples.Correct answer is option 'D'. Can you explain this answer?.
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