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the law of supply and demand quiz complete 1 2 3 4 5 6 7 8 9 according …

Question

the law of supply and demand
quiz complete
1 2 3 4 5 6 7 8 9
according to the law of demand, price and quantity move
○ along a track in the same direction.
○ along a track in opposite directions.
○ from different points toward one another.
○ from the same point away from one another.

Explanation:

Brief Explanations

The law of demand states that, ceteris paribus, as the price of a good or service increases, the quantity demanded decreases, and vice versa. This means price and quantity demanded move in opposite directions along the demand curve (the "track" here refers to the demand curve). So the correct option is the one stating they move along a track in opposite directions.

Answer:

B. along a track in opposite directions (assuming the second option is labeled B; if the original options had different labels, adjust accordingly, but based on the content, the correct description is "along a track in opposite directions")