demand curve refers to a graph that relates
A) the quantity sold and price, which shows the maximum number of units that will be sold at a given price.
B) the quantity sold and price, which shows the minimum number of units that must be sold to break even.
C) the quantity sold and price, which shows the minimum number of units that must be sold in order to make a profit.
D) total production costs to various price points in order to determine how many units must be sold in order to realize a predetermined profit.
E) primary demand to selective demand.

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the price of a product and the quantity of the product that is demanded at that price. It represents the maximum number of units that will be sold at a given price. The curve slopes downwards from left to right, showing that as the price of a product increases, the quantity demanded decreases.

Demand Curve Refers to a Graph That Relates