It is through a consumer's reaction to different _______ that we can trace the consumer's ________ curve for a good.
A) prices; supply
B) prices; total utility
C) budgets; demand
D) prices; demand

Question

Quizplus · Accepted Answer

The consumer's reaction to different prices allows us to observe the demand curve for a good. As the price of a good increases, the quantity demanded typically decreases, and this relationship between price and quantity demanded is shown on the demand curve.

It Is Through a Consumer's Reaction to Different _______ That