Which of the following is NOT true about the demand curve?

Correct option is C

Correct Answer: (c) It is the plots of quantities demanded at various time.

Explanation:

·         The demand curve represents the relationship between the price of a good or service and the quantity demanded over a given period.

·         It is typically negatively sloped because as the price decreases, the quantity demanded increases, reflecting the law of demand.

Other Options:

• It reflects the law of demand: True. The demand curve follows the law of demand, which states that price and quantity demanded are inversely related.
• It is negatively sloped: True. The demand curve slopes downward from left to right due to the inverse relationship between price and quantity demanded.
• It is the plots of quantities demanded at various price: True. The demand curve shows the quantities demanded at different price levels.