The demand curve for any good is a downward-sloping function of
A) buyers' incomes.
B) sellers' profit margins.
C) its price.
D) its price and its cost of production.
E) its price as well as buyers' incomes and tastes.

Question

Quizplus · Accepted Answer

The demand curve shows the quantity of a good that buyers are willing and able to buy at different prices. As the price of a good increases, the quantity demanded generally decreases, ceteris paribus. Therefore, the demand curve is a downward-sloping function of its price. None of the other options directly affect the demand curve for a good.

The Demand Curve for Any Good Is a Downward-Sloping Function