The Law of Demand States That

Multiple Choice

The law of demand states that

A) a decrease in the price of a good shifts the demand curve leftward.
B) an increase in the price of a good shifts the demand curve leftward.
C) other thing remaining the same, the higher the price of a good, the larger is the quantity demanded.
D) other things remaining the same, the higher the price of a good, the smaller is the quantity demanded.