Use the graph to answer questions
-The downward slope of the curve reflects
A)The inverse relationship between price and quantity demanded.
B)the direct relationship between price and quantity demanded.
C)the direct relationship between price and demand.
D)the inverse relationship between price and demand.

Question

Use the graph to answer questions 
-The downward slope of the curve reflects
A)The inverse relationship between price and quantity demanded. 
B)the direct relationship between price and quantity demanded. 
C)the direct relationship between price and demand. 
D)the inverse relationship between price and demand.

Quizplus · Accepted Answer

The downward slope of the curve indicates that as the price of the good increases, the quantity demanded decreases. This is known as the law of demand, which demonstrates an inverse relationship between the price and the quantity demanded.

Use the Graph to Answer Questions