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
The correct answer is: E
Explanation
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.