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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.4
What does the law of demand state?
The law of demand states that the relationship between the price level and the quantity demanded of a good or service is inverse.
The law of demand states that as prices decrease, the quantity demanded decreases.
The law of demand states that as prices increase, the quantity demanded increases.
The law of demand states that there is no relationship between prices and quantity demanded.
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AP Macroeconomics - 1.4 Demand
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Law of Demand
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Cram Mode
AP Score Calculators
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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