A demand curve can be thought of as
A)a graphical display of "market potential."
B)a graphical representation of the information in a demand schedule.
C)showing how much people want to buy.
D)a forecasting tool.
E)All of the above are correct.

Question

A demand curve can be thought of as
A)a graphical display of "market potential." 
B)a graphical representation of the information in a demand schedule.
C)showing how much people want to buy.
D)a forecasting tool.
E)All of the above are correct.

Quizplus · Accepted Answer

A demand curve is a graphical representation of the information in a demand schedule, showing the relationship between price and quantity demanded. While it can give an indication of market potential and show how much people want to buy, it is primarily a visual tool for understanding demand in a market. It is not necessarily a forecasting tool, as it only reflects current demand behavior and does not account for possible shifts in preferences or changes in economic conditions.

A Demand Curve Can Be Thought of as