Which one of the following statements is incorrect? A. A demand curve illustrates the quantities demanded at different prices, on the assumption that all other possible influences on the quantity demanded remain unchanged. B. There is an inverse relationship between the price of the product and the quantity demanded of that product. C. A conventional demand curve normally slopes downward from left to right. D. The inverse relationship between the price of a product and the quantity demanded is called the law of demand. E. We cannot analyse the demand for a product without considering the availability of the product.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
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Which one of the following statements is incorrect?
A. A demand curve illustrates the quantities demanded at different prices, on the assumption
that all other possible influences on the quantity demanded remain unchanged.
B. There is an inverse relationship between the price of the product and the quantity
demanded of that product.
C. A conventional demand curve normally slopes downward from left to right.
D. The inverse relationship between the price of a product and the quantity demanded is called
the law of demand.
E. We cannot analyse the demand for a product without considering the availability of the
product.

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