A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2023 · Q91 Mark
Which statement correctly describes the shape of the demand curve for a normal good?
AIt shows an inverse relationship between income and quantity demanded.
BIt shows an inverse relationship between the price of the good and quantity demanded.
CIt shows a positive relationship between the price of the good and quantity demanded.
DIt shows a positive relationship between income and quantity demanded.
✓ Correct answer
B: It shows an inverse relationship between the price of the good and quantity demanded.
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