The Line That Relates the Price of a Good and the Quantity

question 62

Multiple Choice

The line that relates the price of a good and the quantity demanded of that good is called the demand

• A)schedule, and it usually slopes upward.
• B)schedule, and it usually slopes downward.
• C)curve, and it usually slopes upward.
• D)curve, and it usually slopes downward.

---

Definitions:

Credit

An accounting entry recording a sum that has been received or is receivable, typically representing an increase in assets or a decrease in liabilities.

Services

Tasks or activities performed for the benefit or convenience of others, often in exchange for payment.

Asset Account

An account on a company's balance sheet that represents tangible or intangible items of value owned by the company.

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during business operations.