The relationship between price and quantity demanded,other things being equal,is
A)negative in some economies but positive in others.
B)negative in market-based economies but positive in regulated economies.
C)always negative in all economies.
D)positive in market-based economies but negative in regulated economies.
E)always positive in all economies.

Question

Quizplus · Accepted Answer

The law of demand states that there is an inverse or negative relationship between price and quantity demanded, holding all other factors constant, in all economics. This means that as the price of a good or service goes up, the quantity demanded of that good or service will decrease, and vice versa.

The Relationship Between Price and Quantity Demanded,other Things Being Equal,is