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If price is on the vertical axis and quantity demanded is on the horizontal axis, why is a demand ...

mars03

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If price is on the vertical axis and quantity demanded is on the horizontal axis, why is a demand ...

If price is on the vertical axis and quantity demanded is on the horizontal axis, why is a demand curve downward sloping (left to right)?

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Because a demand curve is the graphical representation of the law of demand, which specifies an inverse relationship between price and supply, ceteris paribus.

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Because a demand curve is the graphical representation of the law of demand, which specifies a direct relationship between price and quantity supplied, ceteris paribus.

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Because a demand curve is the graphical representation of the law of demand, which specifies an inverse relationship between price and demand, ceteris paribus.

▸

Because a demand curve is the graphical representation of the law of demand, which specifies a direct relationship between price and demand, ceteris paribus.

▸

Because a demand curve is the graphical representation of the law of demand, which specifies an inverse relationship between price and quantity demanded, ceteris paribus.

Textbook

Economics

Edition: 12^th

Author: Arnold

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Redhawt75

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More solutions for this book are available here

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mars03 Author

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Smart ... Thanks!

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Helped a lot

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This helped my grade so much Perfect

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