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1 February, 13:51

Which statement about demand is true?

A: a demand curve has an upward slope

B: the demand for a product and its price has a direct relationship

C: a demand curve has a downward slope

D: a price increase has no effect on the demand for a product

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Answers (1)
  1. 1 February, 16:45
    0
    B. the demand for a product and its price has a direct relationship

    Explanation:

    demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.
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Home » Business » Which statement about demand is true? A: a demand curve has an upward slope B: the demand for a product and its price has a direct relationship C: a demand curve has a downward slope D: a price increase has no effect on the demand for a product
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