The relationship between price and quantity demanded, other things being equal, is
A)negative in some markets but positive in other markets.
B)negative in markets without government intervention but positive in markets with government intervention.
C)always negative in any market.
D)positive in markets without government intervention but negative in markets with government intervention.
E)always positive in any market.

Question

Quizplus · Accepted Answer

The law of demand states that all other things being constant, as the price of a good or service increases, the quantity of goods or services demanded will decrease and vice versa. This means that there is an inverse relationship between price and quantity demanded, and as such the answer is always negative in any market.

The Relationship Between Price and Quantity Demanded, Other Things Being