Paulo is the manager of a souvenir shop in Panama City,Florida.He has decided to graph the demand per week for fresh orange juice because its price varies as the supply of fresh oranges varies.The graph indicates a demand schedule that slopes downward and to the right.This graph indicates that the quantity of juice demanded increases as:
A) cost increases
B) supply decreases
C) price increases
D) price decreases
E) supply increases

Question

Quizplus · Accepted Answer

The demand schedule slopes downward and to the right, indicating that as the price decreases, the quantity demanded increases, which is consistent with the law of demand.

Paulo Is the Manager of a Souvenir Shop in Panama