The "law of demand" is illustrated by a

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good increases, the quantity demanded decreases, and as the price of a good decreases, the quantity demanded increases. This relationship is illustrated by a movement along the demand curve, where a change in price leads to a change in the quantity demanded. A rightward shift of the demand curve represents an increase in demand at every price point, which is not directly related to the law of demand. A leftward shift of the demand curve represents a decrease in demand at every price point, which is also not directly related to the law of demand. Therefore, only answer A is correct.

The "Law of Demand" Is Illustrated by a