A consumer's demand curve for pizza is identical to his total value curve for pizza.

Question

Quizplus · Accepted Answer

A consumer's demand curve represents the relationship between the price of pizza and the quantity demanded at those prices, while the total value curve represents the total value a consumer places on consuming each quantity of pizza. These two curves are related but not identical; the demand curve is derived from the total value curve but reflects prices and quantities, not total valuation.

A Consumer's Demand Curve for Pizza Is Identical to His