Which of the following is consistent with the law of demand?

Question

Quizplus · Accepted Answer

The law of demand states that there is an inverse relationship between price and quantity demanded. As the price of a good or service increases, the quantity demanded decreases, and as the price decreases, the quantity demanded increases. Option B states that an increase in the price of soda causes a decrease in the quantity of soda demanded, which is consistent with the law of demand. Option A and D are inconsistent with the law of demand because they suggest that an increase in price leads to an increase in quantity demanded, while option C suggests that a decrease in price leads to no change in quantity demanded.

Which of the Following Is Consistent with the Law of Demand