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To Test Whether the Law of Demand Holds Using Calculus

Question 91

Multiple Choice

To test whether the law of demand holds using calculus, you should:


A) take the partial derivative of quantity demanded QD with respect to P and conclude that the law of demand holds if this derivative is positive at the market price.
B) take the partial derivative of quantity demanded QD with respect to P and conclude that the law of demand holds if this derivative is negative at the market price.
C) take the derivative of P with respect to quantity demanded QD and conclude that the law of demand holds if this derivative is positive at the market price.
D) take the derivative of P with respect to quantity demanded QD and conclude that the law of demand holds if this derivative is negative at the market price.

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