JAMB - Economics (1983 - No. 9)
A Nigerian household's demand curve for semovita is downward because?
the demand for semovita is high
the loal markets are flooded with semovita
it is produced in Nigeria
every household can afford to buy semovita
higher prices attract lower quantities while lower prices attract larger quantities
Wyjaśnienie
For a w demand curve to be downward sloping it means the quantity demanded tends to be lower at higher prices, indicating the negative relationship between the price of a product and the quantity demanded.