Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 8
9708Utility
Why does an individual's demand curve generally slope downwards to the right?
- AThe additional satisfaction an individual gets from consuming most goods decreases as consumption increases.
- BThe additional satisfaction an individual gets from consumption decreases as income rises.
- CThe individual has finite income which is used to attempt to satisfy many wants.
- DFor most goods the price charged by producers falls as the quantity purchased increases.
As printed in the paper
Show the answer
Correct answer: A. The additional satisfaction an individual gets from consuming most goods decreases as consumption increases.
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.