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

question 223

Multiple Choice

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

• A)demand schedule, and it slopes upward only if the good for which the line is drawn fails to conform to the law of demand.
• B)demand schedule, and it slopes upward only if the demand for the good in question, relative to the demand for other goods, is increasing over time.
• C)demand curve, and it slopes upward only if there is a positive relationship between income and quantity demanded.
• D)demand curve, and it slopes downward as long as the good in question conforms to the law of demand.