Question

The law of demand states that price and quantity demanded are weakened by:

O global warming, ceteris paribus.
O negatively related, ceteris paribus.
O independent.
O positively related, ceteris paribus.

Answer 1

The correct answer is letter "B": negatively related, ceteris paribus.

Step-by-step explanation:

The demand law explains the negative relationship between the price and the quantity demanded of a good or service. If the price increases, the quantity demanded decreases, moving the demand curve to the left. If the price decreases, the quantity demanded increases, moving the demand curve to the right. All of this can happen if the rest of the factors remain constant or ceteris paribus.

Answer 2

Answer: Negatively related, ceteris paribus.

Step-by-step explanation:

The Law of Supply and Demand holds that as the Price of a good DECREASES, the Quantity Demanded of that same good INCREASES ceteris paribus (all else being held constant).

This is why the Demand Curve slopes DOWNWARDS.

The lower the price, the more the demand.

In the graph I attached you can see how the Demand Curve slopes down showing that the lower the price, the higher the Quantity Demanded.