price must be lowered to sell more
total revenue declines as price is lowered
demand falls as output increases
demand falls as output falls
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The correct answer is A. price must be lowered to sell more.
A downward-sloping demand curve indicates that as the price of a good decreases, the quantity demanded increases. In other words, to sell more, the price needs to be lowered, which is a typical characteristic of a demand curve.
The Law of Demand states that, with all else equal (ceteris paribus), as the price of a good or service increases, the quantity demanded by consumers decreases, and conversely, as the price decreases, the quantity demanded increases, showing an inverse relationship between price and quantity.
So the correct answer is actually [A.price must be lowered to sell more]
