ECON 001B Lecture Notes - Lecture 10: Demand Curve

A demand curve that illustrates the law of demand​ ______.

A. shows that the quantity demanded increases as the price rises.

B. has a positive slope.

C. is upward sloping.

D. shows that the quantity demanded increases as the price falls.

The law of demand states that other things equal when the price of a good

a)rises, the quantity demanded of the good rises

b)rises, the demand falls

c)falls, the quantity demanded of the good rises

d)falls, the demand rises