The demand curve illustrates that consumers purchase
A) more of a good as its price rises.
B) name brand products more frequently than generic products.
C) more of a good as its price falls.
D) more of a good as their incomes fall.
E) more of a good as their incomes rise.

Question

Quizplus · Accepted Answer

The demand curve, which shows the relationship between price and quantity demanded, slopes downward, indicating that as the price of a good falls, consumers are willing and able to buy more of it. Therefore, consumers purchase more of a good as its price falls.

The Demand Curve Illustrates That Consumers Purchase