The demand curve for a good is the same as the
A)marginal cost curve of that good.
B)marginal benefit curve for that good.
C)y-axis when the price of the good is constant.
D)production possibilities frontier (PPF).
E)marginal benefit curve for that good when marginal cost is constant.

Question

Quizplus · Accepted Answer

The demand curve for a good represents the willingness and ability of consumers to purchase that good at different prices. This is reflective of the marginal benefit that consumers derive from consuming an additional unit of the good. Therefore, the demand curve is equivalent to the marginal benefit curve for that good.

The Demand Curve for a Good Is the Same as the