12
QuizMultiple Choice

The Law of Supply and Demand — Quiz

Question 12 • Personal Finance and Economics

According to the law of demand, price and quantity move

Answer
A
along a track in opposite directions.
B
from the same point away from one another.
C
along a track in the same direction.
D
from different points toward one another.

Explanation

The law of demand says that, all else being equal, a higher price leads to a lower quantity demanded, while a lower price leads to a higher quantity demanded. Thus, price and quantity demanded move in opposite directions along the demand curve. The correct choice is “along a track in opposite directions.”

AI-written and checked against the verified answer.

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