Question

The graph shows the market for graphic T-shirts.



What does the graph show about the relationship between a product and its price?

As the amount of a product goes up, the price goes up.
As the amount of a product goes down, the price goes up.
As the interest in a product goes up, the price goes up.
As the interest in a product goes down, the price goes up.

Answer 1

As the amount of a product goes down, the price goes up.

(When quantity available falls, scarcity drives the price higher — the demand curve slopes downward.)