alleryMatch demand laws: 1. Price: p. Inverse 2. Rise: q. Drops qty 3. Fall: r. Grows qty
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
The law of demand establishes an inverse relationship where higher prices decrease quantity demanded and lower prices increase it.
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