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

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

Quizplus · Accepted Answer

The law of demand demonstrates an inverse relationship between the price of a good and the quantity demanded of that good. As the price of a good increases, consumers will demand less of that good, and vice versa.

What Type of Relationship Does the Law of Demand Demonstrate