The demand curve shows the number of units the market will buy in a given time period at different prices that might be charged.In normal cases,the higher the price,the lower the demand.

Question

Quizplus · Accepted Answer

This statement is true. According to the law of demand, as the price of a good increases, the quantity demanded for that good decreases, assuming all other factors remain constant. This inverse relationship between price and demand is reflected in the downward slope of the demand curve.

The Demand Curve Shows the Number of Units the Market