If the price of a commodity rises and the quantity sold increases, it does not prove that the demand curve for the commodity slopes upward.

Question

Quizplus · Accepted Answer

This scenario could indicate a shift in the demand curve to the right, due to factors other than price (like an increase in consumer income or a change in tastes), rather than a movement along a demand curve that slopes upward. Normally, demand curves slope downward, indicating that as price decreases, quantity demanded increases, and vice versa.

If the Price of a Commodity Rises and the Quantity