The law of demand concludes that a rise in the price of a golf ball the quantity demanded and .

Question

Quizplus · Accepted Answer

The law of demand states that the quantity demanded of a good or service decreases as its price increases, all other factors being equal. Therefore, a rise in the price of a golf ball will result in a decrease in the quantity demanded. This movement up along the demand curve is shown by a shift to the left, as consumers are willing to buy fewer golf balls at a higher price. Therefore, the correct answer is D.

The Law of Demand Concludes That a Rise in the Price