Question : What is the slope of a demand curve?
Option 1: Price
Option 2: Quantity demanded
Option 3: Elasticity
Option 4: Marginal utility
Answer (1)
26th Jan, 2024
Correct Answer: Price
Solution : The correct answer is (a) Price
The slope of a demand curve represents the change in price along the horizontal axis and the change in quantity demanded along the vertical axis. It indicates the rate at which quantity demanded changes in response to a change in price.
Comments (0)
