Q1+1The slope of a demand curve depends onChoose one optionneither the units used to measure price nor the units used to measure quantitythe units used to measure price and the units used to measure quantitythe units used to measure price but not the units used to measure quantitythe units used to measure quantity but not the units used to measure price

2. Imperfectly competitive firms have a demand curve that ________ and a marginal revenuecurve that ________ and is ________ the demand curve.A) is horizontal; is horizontal; the same asB) is horizontal; slopes downward; belowC) slopes downward; slopes downward; belowD) slopes downward; is horizontal; aboveE) slopes downward; slopes downward; the same as

The slope of a demand curve depends on

Other things held equal, demand curves slope downward because: multiple choicean increase in a product's price lowers MU.a decrease in a product's price lowers MU.a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units.an increase in a product's price raises MU per dollar and makes consumers wish to purchase more units.

The slope of a marginal revenue curve for a monopolist facing a linear demand curve The slope of a marginal revenue curve for a monopolist facing a linear demand curve 1. is undefined. 2. is twice the slope of the demand curve. 3. is equal to the slope of the demand curve. 4. is more elastic than the market demand curve.

Multiple Choice QuestionThe aggregate demand curve slopes downward because it reflects:Multiple choice question.a direct relationship between the price level and the amount of of real output demandedan inverse relationship between the price level and the amount of real output demanded