A demand curve is:

Question

A demand curve is:

Quizplus · Accepted Answer

A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity that consumers are willing to purchase. The law of demand states that there is an inverse relationship between price and quantity demanded, which means that as the price of a good or service increases, the quantity demanded decreases. Therefore, a demand curve is downward-sloping, where higher prices lead to a decrease in the quantity demanded, and lower prices lead to an increase in the quantity demanded.

A Demand Curve Is