Use the following to answer questions :
Table 3-1
-The data in Table 3-1:
A)support the law of demand.
B)indicate that the supply curve is vertical.
C)contradict economic reasoning.
D)both b and c.
E)none of the above.

Question

Use the following to answer questions :
Table 3-1 
-The data in Table 3-1:
A)support the law of demand. 
B)indicate that the supply curve is vertical. 
C)contradict economic reasoning. 
D)both b and c. 
E)none of the above.

Quizplus · Accepted Answer

The data in Table 3-1 supports the law of demand, as the quantity demanded decreases as the price increases.

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