contestada

According to the law of demand there is​ ________ relationship between price and quantity demanded. A. either a positive or negative B. a negative C. a constantly changing D. a positive

Respuesta :

dillonliyanage

Answer:

B) negative - since the demand curve is slope downwards, there is a negative relationship...

as price increases demand decreases, as consumers are not willing to pay too much for a specific good/service

as price decreases, demand increases, since consumer's aren't worried about buying too much of that good/service

Parrain

Looking at the relationship between the price and quantity demanded, we can observe that this relationship is B. a negative

The law of demand shows that:

  • When prices increase, people demand less of goods
  • When prices decrease, people demand more of goods

This means that price and quantity demanded have a negative relationship where a movement in price causes the opposite move in quantity demanded.

In conclusion, price and quantity demanded have a negative relationship.

Find out more at https://brainly.com/question/1105224.

Otras preguntas