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Economics (AS & A Level) · Feb / March 2023 · Paper 12 · Question 9

9708Demand and supply curves

Which statement correctly describes the shape of the demand curve for a normal good?

  1. AIt shows an inverse relationship between income and quantity demanded.
  2. BIt shows an inverse relationship between the price of the good and quantity demanded.
  3. CIt shows a positive relationship between the price of the good and quantity demanded.
  4. DIt shows a positive relationship between income and quantity demanded.

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Correct answer: B. It shows an inverse relationship between the price of the good and quantity demanded.

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