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A Nigerian household demand curve for semovita is downward sloping because

A Nigerian household demand curve for semovita is downward sloping because
  • A.
    the demand for semovita is high
  • B.
    the local markets are flooded with semovita
  • C.
    semovita is produced in Nigeria
  • D.
    every household can afford to buy semovita
  • E.
    the higher the price of semovita, the lower the quantity demanded
Correct Answer: Option E
Explanation