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A Nigerian household demand curve for semovita is downward sloping because

Economics
WAEC 1994
A Nigerian household demand curve for semovita is downward sloping because
  • A. the demand for semovita is high
  • B. the local markets are flooded with semovita
  • C. semovita is produced in Nigeria
  • D. every household can afford to buy semovita
  • E. the higher the price of semovita, the lower the quantity demanded
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Correct Answer: Option E
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