Question 1 1 pts When higher prices result in a lower quantity demanded, economists call this relationship the demand curve. the price and demand model. O the law of demand. Question 2 1 pts Complete the following sentence: If people think that the price of televisions will decrease in the near future, that belief may cause a(n) increase in the price of televisions today. increase in the supply of televisions today. O decrease in the demand for televisions today. D Question 3 1 pts If demand decreases and supply remains constant, what happens to the market equilibrium? Quantity rises and price falls. Quantity and price both rise. Quantity and price both fall