A demand curve: a. illustrates the positive relationship between price and quantity demanded. b. illustrates the negative relati
onship between price and quantity demanded. c. is based on the assumption of a stable supply curve. d. has a positive slope.
1 answer:
Answer:
b. illustrates the negative relationship between price and quantity demanded.
Explanation:
The demand curve is negatively sloped. The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This illustrates a negative relationship between price and quantity demanded.
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