According to the law of demand,
A) there is a positive relationship between quantity demanded and price
B) as the price rises,demand will shift to the left
C) there is a negative relationship between quantity demanded and price
D) as the price rises,demand will shift to the right
E) as the price rises,consumers will continue to purchase the same quantity of the good

Question

Quizplus · Accepted Answer

The law of demand states that there is a negative relationship between the price of a good and the quantity of the good that consumers are willing and able to buy. As the price of a good rises, the quantity demanded of that good will decrease, all else being equal. Therefore, choice C is the correct answer.

According to the Law of Demand