When the Market for Money Is Drawn with the Value

Multiple Choice

When the market for money is drawn with the value of money on the vertical axis and the quantity of money on the horizontal axis, the money demand curve slopes

A) upward, because at higher prices people want to hold more money.
B) downward, because at higher prices people want to hold more money.
C) downward, because at higher price people want to hold less money.
D) upward, because at higher prices people want to hold less money.