A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2011 · Q41 Mark
What is consistent with an individual demand curve that slopes down from left to right?
AAs price falls, a person switches away from rival products towards the product.
BAs price falls, a person's willingness and ability to buy the product will decline.
CAs price rises, a person becomes less sensitive to price changes.
DAs price rises, a person's opportunity cost of purchasing the product falls.
✓ Correct answer
A: As price falls, a person switches away from rival products towards the product.
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