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AP Macroeconomics 1.4 Demand Questions

Interpret the law of demand through the inverse relationship between price and quantity demanded and the resulting downward-sloping curve.

Syllabus
Effective Fall 2022
Course
AP Macroeconomics

Exam points

  • identify the inverse price-quantity demanded relationship and its downward-sloping curve

Covered syllabus points

MKT-2.A—a. Define (using graphs as appropriate) the law of demand. b. Explain (using graphs as appropriate) the relationship between the…MKT-2.B—Explain (using graphs as appropriate) the determinants of demand

Question 1

[Maximum number: 1]

Which statement best describes the law of demand?

A

When price increases, demand decreases.

B

When price increases, demand increases.

C

Price and quantity demanded are inversely related.

D

Price and quantity demanded are directly related.

E

The demand curve is always upward sloping.

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