The law of demand states that price and ______________ are _____________ related,ceteris paribus.
A)demand;inversely
B)quantity demanded;inversely
C)demand;directly
D)quantity demanded;directly
E)quantity supplied;directly

Question

The law of demand states that price and ______________ are _____________ related,ceteris paribus.
A)demand;inversely
B)quantity demanded;inversely
C)demand;directly
D)quantity demanded;directly
E)​quantity supplied;directly

Quizplus · Accepted Answer

The law of demand states that price and quantity demanded are inversely related, ceteris paribus. This means that as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa, assuming that all other factors that could affect demand remain constant.

The Law of Demand States That Price and ______________ Are