When a demand curve is constructed, each point that demand curve represents
A)the demand for the product.
B)the quantity demanded at that price.
C)the amount that people want to buy.
D)the amount people want to buy at different income levels.
E)All of these responses are correct.

Question

Quizplus · Accepted Answer

Each point on a demand curve represents the quantity of a good or service that consumers are willing and able to purchase at a given price. Therefore, the correct choice is B - the quantity demanded at that price.

When a Demand Curve Is Constructed, Each Point That Demand