The Law of Demand Refers to The

Multiple Choice

The law of demand refers to the:

A) decrease in price that occurs as more units of a product are demanded.
B) increase in price that results from an increase in demand for a good in limited supply.
C) inverse relationship between the price of a good and the quantity demanded.
D) increase in the quantity of a good made available when its price increases.
E) direct relationship between the price of a good and the quantity demanded.