According to the law of demand :Select one a. None of the answers are correct b. there is NO relationship between quantity demanded and price c. there is a positive relationship between quantity demanded and price d. there is a negative relationship between quantity demanded and price

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Q: Question 8

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Q: According to the law of demand Select one: a. there is a positive relationship between quantity…

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Q: An increase in the price of a good will ...................... a)     decrease the quantity…

A: Option (a).

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Q: Question 7

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Q: A and B are Substitute goods. Explain the effect of rise in price of A on the Demand for B.

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