Answer to Question #208143 in Economics for Beauty Magadlela

Question

According to the law of demand

A. an increase in the price will result in an outward shift of the demand curve .

B . the relationship between price and quantity demanded is always presented as a straight line

C . people will demand a great quantity when the price is low and a smaller quantity if the price is high .

D . an increase in consumers income will increase the quantity demanded at each price level

Answer 1

C . people will demand a great quantity when the price is low and a smaller quantity if the price is high.