Use the following to answer questions
Figure: Market for Shoes
-(Figure: Market for Shoes)The graph represents:

Name: Use the following to answer questions Figure: Market for Shoes -(Figure: Market for Shoes)The graph represents:
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Question

Use the following to answer questions 
Figure: Market for Shoes 
-(Figure: Market for Shoes)The graph represents:

Quizplus · Accepted Answer

The graph represents the law of demand, which states that as the price of a good increases, the quantity demanded decreases, ceteris paribus. The downward-sloping line represents the demand curve, which indicates the relationship between price and quantity demanded.

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