In a competitive market the ________ curve shows the marginal benefit received by consumers and the ________ curve shows the marginal cost to producers.
A)demand; supply
B)supply; demand
C)demand; market demand
D)supply; market supply

Question

Quizplus · Accepted Answer

In a competitive market, the demand curve shows the marginal benefit received by consumers as they are the ones demanding the product, and the supply curve shows the marginal cost to producers as they are the ones supplying the product. Therefore, the correct option is (A) demand; supply.

In a Competitive Market the ________ Curve Shows the Marginal