Based on the table showing the demand curve for monster trucks, which of the following best describes the relationship between price and quantity demanded?

• A. There is no relationship between price and quantity demanded.
• B. As price decreases, quantity demanded remains unchanged.
• C. As price increases, quantity demanded increases.
• D. As price increases, quantity demanded decreases.

Answer: (D)

Verified step by step guidance

1. Understand the law of demand, which states that, ceteris paribus, as the price of a good increases, the quantity demanded decreases, and vice versa.
2. Examine the demand curve table for monster trucks, noting the different price levels and their corresponding quantities demanded.
3. Observe the pattern: when the price is higher, the quantity demanded is lower; when the price is lower, the quantity demanded is higher.
4. Confirm that this inverse relationship between price and quantity demanded aligns with the law of demand.
5. Conclude that the best description of the relationship is: as price increases, quantity demanded decreases.