📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    The demand curve shows

    that: 
    A As the price of a good increases, demand for the good increases Correct Answer Incorrect Answer
    B As the price of a good increases, demand for the good decreases Correct Answer Incorrect Answer
    C The demand curve has a positive slope Correct Answer Incorrect Answer
    D There is a direct relationship between quantity demanded and price Correct Answer Incorrect Answer

    Solution

    The demand curve typically slopes downward, showing an inverse relationship between price and quantity demanded. As the price of a good rises, consumers tend to buy less of it.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call