The law of demand implies that if nothing else changes, there is

Question

Quizplus · Accepted Answer

The law of demand states that there is an inverse relationship between the price of a good and the quantity demanded, which means that as the price of a good increases, the quantity demanded of that good will decrease, and vice versa. This phenomenon can be represented on a graph as a downward-sloping demand curve. Therefore, the correct answer is D, which states that there is a negative relationship between the price of a good and the quantity demanded.

The Law of Demand Implies That If Nothing Else Changes