What is suggested when we say that there is a negative relationship between price and the quantity demanded of a good?
A) As price goes up, quantity demanded falls.
B) As price goes up, quantity demanded rises.
C) As price falls, quantity demanded falls.
D) As price falls, quantity demanded is unchanged.

Question

Quizplus · Accepted Answer

A negative relationship between price and quantity demanded means that as the price of a good increases, the quantity demanded decreases, which is accurately described in option A. This concept is a fundamental principle of the law of demand in economics.

What Is Suggested When We Say That There Is a Negative