A demand curve represents a(n)
A) direct relationship between price and quantity demanded.
B) direct relationship between price and demand.
C) indirect or inverse relationship between price and quantity demanded.
D) indirect or inverse relationship between price and supply.

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the price of a good or service and the quantity demanded by consumers. It is a graphical representation of the inverse or indirect relationship between price and quantity demanded. As the price of a good or service increases, the quantity demanded by consumers decreases, and vice versa, holding all other factors constant.

A Demand Curve Represents A(n)