The demand curve faced by a monopolist is_____?

  • A Positively sloped
  • B Vertical
  • C downward sloping
  • D Negatively Sloped
jamb 2016economics

The correct answer is C. downward sloping

TheDemand Curve for a Monopolistic Market is of the same form as a regular Demand Curve. It is downward sloping because of the Substitution Effect, the Income Effect, and the Law of Declining Marginal Utility.

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