What do economists mean when they say that quantity demanded and price have an inverse relationship?

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19-01-2018
Business

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What do economists mean when they say that quantity demanded and price have an inverse relationship?

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19jjg02 19jjg02 · Answer 1 · 2018-01-19T06:05:26+01:00

19jjg02 19jjg02

19-01-2018

it means that you cannot have one without the other. A change in quantity demanded represents a movement along the current demand curve, while a change in demand represents a shift in the entire demand curve.

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