Because you also wanted the already opened answer to fadeOut, i set up a JSFiddle for you that does exactly that. Take a look: http://jsfiddle.net/kLxsS/6/
$(document).ready(function(){
$('a').click(function(){
$('.active').fadeToggle( "slow", "linear" ).removeClass('active');
$(this).parent().find('p').fadeToggle( "slow", "linear" ).addClass('active');
});
});
This way, the active answer gets another class (active), so you can even style it different from the rest.
EDIT: I made another edit here: http://jsfiddle.net/kLxsS/9/ Now when you click on an anchor it fades in the answer and when you click the same one again, it fades out the answer. But, when you click on another anchor, while there is already an answer open it will fadeOut the open answer en fadeIn the new clicked answer.