The demand curve demonstrates:

Name: The demand curve demonstrates:
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Question

Quizplus · Accepted Answer

The demand curve shows the relationship between the price of the product and the quantity demanded by consumers. It does not represent a fixed price of the product or the tastes and preferences of consumers. The cause and effect relationship is demonstrated in the downward sloping nature of the demand curve, which shows that as the price of the product increases, the quantity demanded decreases and vice versa.

The Demand Curve Demonstrates