According to the law of demand, there is an inverse relationship between price a

Question

According to the law of demand, there is an inverse relationship between price and quantity demanded. That is, the demand curve for goods and services slope downward. Why? When the price of a good increases, consumers purchase complementary goods that the now relatively less expensive. When price increase, demand decreases. When the price of a good increases, consumers' purchasing power decreases, and they cannot buy as much of the good as they did prior to the price charge. When the price of a good increases, consumers' purchasing power increases, and they can buy more of the good than they did prior to the price charge.

Explanation / Answer

Correct answer is B as per law of demand

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