Final answer:
A demand curve is drawn downward sloping to show that price and quantity demanded will move in opposite directions as long as other relevant factors remain unchanged.
Step-by-step explanation:
The statement is True. A demand curve is drawn downward sloping to show the relationship between price and quantity demanded. According to the law of demand, as the price of a product increases, the quantity demanded decreases, and vice versa, as the price decreases, the quantity demanded increases.
For example, let's say the price of a chocolate bar increases from $1 to $2. As a result, fewer people would be willing and able to purchase the chocolate bar, leading to a decrease in the quantity demanded. On the other hand, if the price of the chocolate bar decreases to $0.50, more people would likely be willing and able to buy it, increasing the quantity demanded.
Therefore, the downward slope of the demand curve reflects the inverse relationship between price and quantity demanded, assuming other relevant factors remain unchanged.