What Does a Downward-Sloping Demand Curve Illustrate

Multiple Choice

What does a downward-sloping demand curve illustrate?

A) It illustrates the inverse relationship between price and quantity demanded; as price increases, the quantity demanded decreases.
B) It illustrates the inverse relationship between price and quantity supplied; as price increases, the quantity supplied decreases.
C) It illustrates the direct relationship between price and quantity demanded; as price increases, the quantity demanded increases.
D) It illustrates the direct relationship between price and quantity supplied; as price increases, the quantity supplied increases.