A Nigerian household's demand curve for semovita is downward because?

Economics

JAMB 1983

A. the demand for semovita is high
B. the loal markets are flooded with semovita
C. it is produced in Nigeria
D. every household can afford to buy semovita
E. higher prices attract lower quantities while lower prices attract larger quantities

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Correct Answer: Option 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.

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