Each point on the demand curve is
A)demand for the product.
B)a 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 the above are correct.

Question

Quizplus · Accepted Answer

Each point on the demand curve represents a specific quantity demanded at a given price. It does not necessarily represent the total demand for the product or the amount people want to buy at different income levels.

Each Point on the Demand Curve Is