ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    According to the law of demand, what is the relationship

    between price and quantity demanded
    A Directly proportional Correct Answer Incorrect Answer
    B Inversely proportional Correct Answer Incorrect Answer
    C Constant Correct Answer Incorrect Answer
    D Unrelated Correct Answer Incorrect Answer

    Solution

    The law of demand states that price and quantity demanded are inversely proportional; as price decreases, quantity demanded increases, and vice versa.

    Practice Next
    More Important Agriculture Q Questions

    Relevant for Exams:

    ask-question