Ask Question
BusinessBusiness
10 February, 07:46

What happens to the individual demand curve as the price of an item increases?

+1
Answers (1)
  1. 10 February, 09:52
    0
    the individual demand for an item will decrease, causing a downward slope

    Since the price of an item increases, there will be less and less people who can afford and prefer to buy it, therefore, the consumers' demand for that item will decrease
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What happens to the individual demand curve as the price of an item increases? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On february 1, a customer's account balance of $3,600 was deemed to be uncollectible. what entry should be recorded on february 1 to record the write-off assuming the company uses the allowance method
Answers (1)
My Notes Your small farm encompasses 110 acres, and you are planning to grow tomatoes, lettuce, and carrots in the coming planting season. Fertilizer costs per acre are: $5 for tomatoes, $4 for lettuce, and $2 for carrots.
Answers (1)
Boris works as a receptionist. He's happy with his salary, he gets along well with his coworkers and his boss, he feels no stress, and he assumes he can get all of his tasks done proficiently.
Answers (1)
With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested in their games. How will this affect the market for board games
Answers (1)
Which of the following is not a positive of having a large trade deficit? A. A large trade deficit can signal the positive expectations of the future prospects of the economy. B.
Answers (1)
New Questions in Business
Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.
Answers (1)
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.
Answers (1)
A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.
Answers (1)
taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments
Answers (1)
Home » Business » What happens to the individual demand curve as the price of an item increases?
Sign Up Forgot Password?