Mastering Supply and Demand

No relationship between price and quantity

Positive relationship between price and quantity

Negative relationship between price and quantity

Inverse relationship between price and quantity (correct)

Quantity demanded remains the same

Quantity demanded cannot be determined

Quantity demanded decreases (correct)

Quantity demanded increases

When consumers have no preference for substitutes

When price goes down, quantity demanded decreases

When consumers substitute one good for another (correct)

When price goes up, quantity demanded increases

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