A curve that describes the relationship between the price of a good and the amount a particular consumer purchases (holding the consumer's income,preferences and all other prices fixed)is called:
A) a price-consumption curve.
B) an individual demand curve.
C) an income-consumption curve.
D) a budget line.

Question

Quizplus · Accepted Answer

An individual demand curve shows the relationship between the price of a good and the quantity demanded by a consumer, holding other factors constant.

A Curve That Describes the Relationship Between the Price of a Good