A demand curve can be interpreted as
A) an average benefit curve.
B) a marginal cost curve.
C) a marginal benefit curve.
D) a total benefit curve.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the price of a good or service and the quantity that buyers are willing and able to purchase at that price. It reflects the marginal benefit or satisfaction that consumers derive from consuming an additional unit of the good or service.

A Demand Curve Can Be Interpreted as