A demand curve is the graphical representation of the law of demand.

Question

Quizplus · Accepted Answer

The demand curve shows the relationship between the price of a product and the quantity of that product demanded by consumers. It slopes downwards from left to right, indicating that as the price of a product goes up, the quantity demanded of it goes down. This is the law of demand, which states that as the price of a product increases, the demand for that product decreases, and vice versa. Therefore, a demand curve is the graphical representation of the law of demand.

A Demand Curve Is the Graphical Representation of the Law