The market demand curve is downward sloping, which means that the quantity demanded
When the price .
A)is unchanged, falls
B)rises, falls
C)falls, falls
D)rises, rises

Question

Quizplus · Accepted Answer

The downward sloping demand curve indicates that as the price of a good or service increases, the quantity demanded by consumers will decrease. Conversely, as the price falls, consumers will demand a greater quantity of the good or service. Therefore, when the price rises, the quantity demanded falls, and when the price falls, the quantity demanded rises.

The Market Demand Curve Is Downward Sloping, Which Means That