Refer to the graphs shown. The curve that best demonstrates the law of demand is:
A. I.
B. II.
C. III.
D. IV.
Answer:D
Refer to the graphs shown. The curve that best demonstrates the law of demand is:
A. I. B. II. C. III. D. IV.
Explanation: The law of demand states that price and quantity demanded are inversely related. An inverse relationship is shown graphically by a curve with a negative slope (downward-sloping).