Which of the following is NOT possible according to the law of demand?
A)a horizontal demand curve
B)a vertical demand curve
C)a downward-sloping supply curve
D)an upward-sloping demand curve

Question

Quizplus · Accepted Answer

The law of demand states that, all else being equal, as the price of a good increases, the quantity demanded of that good decreases, and vice versa. This implies a downward-sloping demand curve. An upward-sloping demand curve would contradict this principle, making it not possible according to the law of demand.

Which of the Following Is NOT Possible According to the Law