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QUESTION 1 To say that the quantity demanded of a good is negatively related to the price of the good is to say that o a there is a weak relationship between the quantity demanded of a good and the price of the good o b. an increase in the quantity demanded of the good leads to a decrease in the price of the good O c, there is no relationship between the quantity demanded of a good and the price of the good. o d an increase in the price of the good leads to a decrease in the quantity demanded of the good.
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Answer #1

To say that the quantity demanded of a good is negatively related to the price of the good is to say that an increase in the price of the good leads to a decrease in the quantity demanded of the good.

So, the correct answer is an option (d).

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