A demand curve is a graph showing the relationship between the quantity demanded and the price of a commodity, other things being equal. It illustrates the inverse relationship between price and quantity demanded, with a downward-sloping curve indicating that as the price of a good or service rises, the quantity demanded of it typically falls.

Solved

A Demand Curve Is

Question 8

Multiple Choice

A demand curve is

A) a numerical table showing the inverse relationship between quantity demanded and price, other things being equal.
B) a timetable showing the quantity demanded at different time periods.
C) an abstract concept underlying the graph of a demand curve.
D) a functional statement of the demand relationship.
E) a graph showing the relationship between quantity demanded and the price of a commodity, other things being equal.

Correct Answer: