Question

7. Why does the Law of Demand state that the relationship between price and the
quantity demanded is inverse?
A. Because when one goes up, the other goes up
B. Because when one goes up, the other stays the same
C. Because when one goes up, the other goes down
D. Because when one goes up, the other goes up more

Answer 1

Answer:

C

Explanation:

Law of Demand states that quantity purchased varies inversely with price, meaning, the higher the price, the lower the quantity demanded.