JAMB - Economics (2001 - No. 11)
In a demand curve, the relationship between price and quantity is?
indeterminate
direct
nil
inverse
Paaiškinimas
A demand curve shows the relationship between quantity demanded and price.
The price of a good is inversely related to the quantity demanded in the sense that, the higher the price, the lower the demand, and the lower the price, the higher the demand.