An individual's demand curve for X
A)shows how the utility-maximizing choice of X changes as the price of X changes.
B)shows how the individual's preferences change as the price of X changes.
C)shows how the individual's preferences change as the consumer income changes.
D)both a and b
E)both a and c

Question

Quizplus · Accepted Answer

An individual's demand curve shows how their utility-maximizing choice of X changes as the price of X changes. It does not reflect changes in preferences or consumer income. Therefore, the correct answer is A.

An Individual's Demand Curve for X