A _____ illustrates a downward sloping relationship between price and quantity.
A)demand curve
B)supply curve
C)demand schedule
D)supply schedule

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the price of a good or service and the quantity that consumers are willing and able to buy at that price. The law of demand states that as price increases, quantity demanded decreases, resulting in a downward sloping curve.

A _____ Illustrates a Downward Sloping Relationship Between Price and Quantity