Question
A graph titled Demand Curve has Quantity Demanded on the x-axis, from 0 to 60 in increments of 10, and Price on the y-axis, from 0 to 20 dollars in increments of 2 dollars and 50 cents. A line with negative slope is on the graph.
This demand curve demonstrates the law of demand.
The law of demand states that as the price of a good rises, the quantity demanded of that good will
.
As the price of a good falls, the quantity demanded of that good will
.
This demand curve demonstrates the law of demand.
The law of demand states that as the price of a good rises, the quantity demanded of that good will
.
As the price of a good falls, the quantity demanded of that good will
.
Answers
GPT-4o mini
The law of demand states that as the price of a good rises, the quantity demanded of that good will **decrease**.
Conversely, as the price of a good falls, the quantity demanded of that good will **increase**.
Conversely, as the price of a good falls, the quantity demanded of that good will **increase**.