What type of relationship does the law of demand demonstrate?
A)direct
B)positive
C)inverse
D)static

Name: What type of relationship does the law of demand demonstrate? A)direct B)positive C)inverse D)static
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Question

Quizplus · Accepted Answer

The law of demand demonstrates an inverse relationship between the price of a good or service and the quantity demanded of it. As the price of a good increases, the quantity demanded of it decreases, and vice versa.

What Type of Relationship Does the Law of Demand Demonstrate