Which of the following does a demand curve NOT reflect
A)the willingness to pay of all buyers in the market
B)the value each buyer in the market places on the good
C)the highest price buyers are willing to pay for each quantity
D)the ability of buyers to obtain the quantity they desire

Question

Quizplus · Accepted Answer

A demand curve reflects the willingness to pay of buyers and the highest price they are willing to pay for each quantity, but it does not reflect the ability of buyers to obtain the quantity they desire. This depends on factors such as availability of the product, income, and price of related goods.

Which of the Following Does a Demand Curve NOT Reflect