According to the law of demand,a demand curve
A)Has a negative slope.
B)Is a horizontal or flat line.
C)Has a positive slope.
D)Exceeds the economy's ability to produce.

Question

Quizplus · Accepted Answer

The law of demand states that as the price of a good or service increases, the quantity demanded decreases and vice versa. This relationship between price and quantity demanded is represented by a demand curve, which has a negative slope. Therefore, choice A is the correct answer.

According to the Law of Demand,a Demand Curve