A demand curve that shows the relationship between the price of a good and the amount of the good consumed holding the consumer's income fixed and allowing their well-being to vary is called:
A) an uncompensated demand curve.
B) a compensated demand curve.
C) a Hicksian demand curve.
D) a derived demand curve.

Question

Quizplus · Accepted Answer

An uncompensated demand curve, also known as a Marshallian demand curve, shows the relationship between the price of a good and the quantity consumed while holding income constant and allowing utility to vary.

A Demand Curve That Shows the Relationship Between the Price