Which Statement Expresses the Law of Demand

question 237

Multiple Choice

Which statement expresses the law of demand?

• A) There is a positive relationship between price and consumer surplus.
• B) There is a positive relationship between price and quantity that buyers are willing and able to purchase.
• C) There is an inverse relationship between the willingness to pay and the ability to pay.
• D) There is a negative relationship between price and quantity demanded.

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