142k views
0 votes
The relationship between quantity demanded and price is a(n) _____ relationship.

Multiple choice
a.direct
b.inverse
c.general
d.dictated

1 Answer

4 votes

Final answer:

The relationship between quantity demanded and price is an inverse relationship.

Step-by-step explanation:

The relationship between quantity demanded and price is an inverse relationship. According to the law of demand, as the price of a good or service increases, the quantity demanded decreases, and vice versa. This means that when the price of a certain good or service goes up, consumers tend to buy less of it, and when the price goes down, consumers tend to buy more of it.

User Daniel Cardenas
by
7.8k points