The demand curve slopes downwards because: Question 2 options: a The willingness

Question

The demand curve slopes downwards because:

Question 2 options:

a

The willingness to pay for a good declines the more of the good that has already been consumed.

b

Producers are only willing to supply the good up to a certain point.

c

The willingness to pay for a good increases the more of the good that has already been consumed.

d

All goods go on sale after a point in time.

a

The willingness to pay for a good declines the more of the good that has already been consumed.

b

Producers are only willing to supply the good up to a certain point.

c

The willingness to pay for a good increases the more of the good that has already been consumed.

d

All goods go on sale after a point in time.

Explanation / Answer

Answer :- a.

The willingness to pay for a good declines the more of the good that has already been consumed.

The willingness to pay for a good declines the more of the good that has already been consumed.

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