According to the law of demand
A) price and quantity demanded move in the same direction.
B) price and quantity demanded move in opposite directions.
C) ceteris paribus does not apply.
D) price and quantity demanded are unrelated.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa. Therefore, price and quantity demanded move in opposite directions.

According to the Law of Demand