A demand curve is drawn downward sloping to show that price and quantity demanded will move in opposite directions as long as other relevant factors remain unchanged.

Question

Quizplus · Accepted Answer

This statement is true. According to the law of demand, as the price of a good or service increases, the quantity demanded by consumers will decrease, holding other factors constant. This inverse relationship is represented by a downward sloping demand curve.

A Demand Curve Is Drawn Downward Sloping to Show That