Question

Other things being equal, the law of demand suggests that as:

a. income increases, the quantity of iPads demanded will increase.
b. the demand for iPads increases, this will cause the price to increase.
c. the price of iPads decreases, the quantity demanded will decrease.
d. the price of iPads decreases, the quantity demanded will increase.

Answer 1

d. the price of iPads decreases, the quantity demanded will increase.

Step-by-step explanation:

Law of demand: The law of demand says that when the price of a good is increased, then the quantity demanded of that good would be decreased keeping the other things constant, and vice versa. It means that it shows an inverse relationship between the price and the quantity demanded of a particular thing.

The curve of law of demand would always show a downward sloping curve.

So, the correct answer is d.