As shown with a demand curve, for the vast majority of products there is an inverse relationship between price and quantity sold; that is, as price ____________, the quantity sold ____________, and vice versa.
A) rises, rises
B) falls, rises
C) falls, falls
D) rises, falls

Question

Quizplus · Accepted Answer

analyse demand to inform the development of an appropriate pricing strategy. As price rises, the quantity sold falls, and vice versa.

As Shown with a Demand Curve, for the Vast Majority