$$\begin{array} { | l | l | }
\hline \text { Price } & \begin{array} { l }
\text { Quantity } \
\text { Demanded }
\end{array} \
\hline \$ 0 & 1,000 \
\hline \$ 1 & 400 \
\hline \$ 2 & 200 \
\hline \$ 3 & 100 \
\hline \$ 4 & 25 \
\hline
\end{array}$$ Refer to the table,which shows the number of MP3 downloads demanded per month for the students at a certain university.Does this demand schedule conform to the law of demand?

Question

$$\begin{array} { | l | l | } 
\hline \text { Price } & \begin{array} { l } 
\text { Quantity } \
\text { Demanded }
\end{array} \
\hline \$ 0 & 1,000 \
\hline \$ 1 & 400 \
\hline \$ 2 & 200 \
\hline \$ 3 & 100 \
\hline \$ 4 & 25 \
\hline
\end{array}$$ Refer to the table,which shows the number of MP3 downloads demanded per month for the students at a certain university.Does this demand schedule conform to the law of demand?

Quizplus · Accepted Answer

The demand schedule shows that as the price increases, the quantity demanded decreases, which is consistent with the law of demand.

Refer to the Table,which Shows the Number of MP3 Downloads