The law of demand shows : A) negative relation between quantity demanded and price B) positive relation between quantity demanded and price C) decrease in quantity demanded

Economics Aug 06, 2020

The law of demand shows : A) negative relation between quantity demanded and price B) positive relation between quantity demanded and price C) decrease in quantity demanded. D) increase in quantity demanded

Expert Solution

Answer : Option A is correct. The law of demand states that negative relationship between price and quantity demanded . As it shows that an inverse relationship between price and quantity demanded.

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