Economics question please choose the best answer help?

R

Ryan

New member
According to the law of demand,

A.there is a positive relationship between quantity demanded and price.
B. as the price rises, demand will shift to the left.
C.there is a negative relationship between quantity demanded and price.
D.as the price rises, demand will shift to the right.
E.as the price rises, consumers switch their purchases to substitute goods.
 
hey friend u r confuse about law of demand but i can help u; according to law of demand, consumers will increase "'quantity demanded" when price fall so there is negative relationship between price and quantity demanded; also dont be confuse with shift in demand curve because a shift is caused by other factors n this does not explain law of demand; the law of demand just explain how quantity demanded changes when price changes
 
The answer is clearly C. The law of demand says that if the price rise, the quantity demand will decrease. There is nothing to do with a shifted demand to the right or left. Because it depends on another factors such as income, age etc.
 
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