The relationship that shows how much buyers of a product want to buy at each possible price,holding fixed all other factors is called:
A) a demand curve.
B) elasticity of demand.
C) demand function.
D) an indifference curve.

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the quantity of a good or service that consumers are willing to buy and the price at which they are offered, holding all other factors constant. Therefore, option A is the correct answer. Option B refers to the responsiveness of demand to changes in price, option C refers to a function that relates the quantity demanded to various factors such as price, income, and availability of substitutes, and option D refers to a graphical representation of consumer preferences.

The Relationship That Shows How Much Buyers of a Product