A demand curve is a graph that relates
A) the quantity sold and price, which shows the maximum number of units that will be sold at a given price.
B) revenues and costs, which shows the minimum number of units that must be sold to break even.
C) the quantity sold and revenues, which shows the minimum number of units that must be sold in order to make a profit.
D) total production costs to various price points in order to determine how many units must be sold in order to realize a predetermined profit.
E) primary demand to selective demand, which shows the growth of the market compared to change in market share.

Question

Quizplus · Accepted Answer

A demand curve illustrates the relationship between the quantity of a good that consumers are willing and able to purchase and the price of the good, showing the maximum number of units that will be sold at a given price.

A Demand Curve Is a Graph That Relates