Negative slope of market-Law of demand

I have a problem in economics on Negative slope of market-Law of demand. Please help me in the following question. The negative slope of the market demand curves for normal goods areleast persuaded by: (i) Diminishing marginal utility. (ii) Income effects. (iii) Substitution effects. (iv) The upward slope of the market supply curves.

Choose the accurate answer.

View Complete Question

Related Questions in Microeconomics

Q : Total costs of profit-maximizing lumber

This profit-maximizing lumber mill incurs total costs of approximately: (a) $2200 per day. (b) $3300 per day. (c) $4200 per day. (d) $5200 per day (e) $6200 per day.

Q : Decisions of oligopoly firm on price

Within an oligopoly each firm: (w) ignores the pricing strategies of rival firms. (x) faces a horizontal demand curve. (y) should make decisions on price and output based on expected or actual actions of its rival. (z) has little control over the mark

Q : Reason of Financial Intermediation The

The fundamental reason for financial intermediary’s presence is to: (1) Facilitate beginning new business firms by employing internal financing. (2) Help business organizations comply with laws needing the financial intermediation. (3) Minimize

Q : Approximate unitary price elasticity of

Nostalgia Corporation’s output of “Silver Screen Classic” DVDs consequent to the point where demand has unitary price elasticity is approximately: (1) 3 million copies. (2) 4 million copies. (3) 5 million copies. (4) 6.5 million copi

Q : Why indifference curve is convex Why

Why the indifference curve is convex to origin?

Q : Persistence of Economic profits in long

I have a problem in economics on Persistence of Economic profits in long run. Please help me in the following question. Economic profits will continue in long run only when: (i) There are barriers to the entry and exit. (ii) Markets are much competitive. (iii) There a

Q : Monopsony Power definition Can someone

Can someone please help me in finding out the accurate answer from the following question. The monopsony is a: (1) Market with just one seller. (2) Sole buyer of a specific good or resource. (3) Market with just one product. (4) Firm which employs just one resource.

Discover Q & A

Leading Solution Library

Avail More Than 1419640 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1931933
Asked

3,689

Active Tutors

1419640

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment