The relationship between the price charged and the resulting demand level can be shown as the .
A)break- even pricing
B)variable cost
C)demand curve
D)target cost
E)experience curve

Question

Quizplus · Accepted Answer

The relationship between price and demand is typically shown through a demand curve, which illustrates how the quantity of a product demanded changes as the price of that product changes. As prices increase, typically the quantity demanded decreases. This inverse relationship is captured in the demand curve, which helps firms understand what price will generate the optimal level of demand for their product.

The Relationship Between the Price Charged and the Resulting Demand