The law of demand states that ____________and quantity demanded are _____________ related,ceteris paribus.
A) price; directly
B) price; inversely
C) demand;inversely
D) quantity supplied; directly
E) supply; directly

Question

Quizplus · Accepted Answer

The law of demand states that price and quantity demanded are inversely related, ceteris paribus. This means that as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa.

The Law of Demand States That ____________And Quantity Demanded Are