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QUESTION 9 Use the following concepts to fill in the blanks : word bank 1. Increases 2. Decreases 3. Law of Demand 4. Supply 5.

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QUESTION 9 Use the following concepts to fill in the blanks : word bank 1. Increases 2. Decreases 3. Law of Demand 4. Supply 5. Vertical 6. Horizontal On a demand curve the price of a good is plotted on the axis. On a demand curve quantity is represented on the axis The inverse relationship between price and quantity demanded is called Along a demand curve as the price increases, the quantity demanded Along a supply curve as price increases, the quantity supplied

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