10-02-2020
Business

contestada

1. The reason why the Demand Curve slopes downward is because -
A. people don't like to spend more money than they have to
B. producers only make more of a good when they can make more money
C. there is an inverse relationship between price and quantity demanded
D. the opportunity cost of producing more goods increases with each new marginal product

Respuesta :

10-02-2020

Answer:

The right answer is C; There is an inverse relationship between price and quantity demanded

Explanation:

The law of demand indicates that there is an inverse relationship between the price and the quantity demanded of a good.

This means that if the price of a good increases, then demand decreases and if the price decreases, demand tends to rise at the same time.

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