demand curve graph typically appears as
A) a parabola with the apex representing the highest price that can be charged without losing customers.
B) a diagonal line going from upper left to lower right demonstrating that as price goes down, demand goes up.
C) an inverted parabola with the lowest point representing the lowest price that can be charged and still meet the company's profit objectives.
D) a diagonal line going from lower left to upper right demonstrating that as prices go up, demand goes up proportionately.
E) two intersecting lines that identify the point at which supply and demand are exactly the same.

Question

Quizplus · Accepted Answer

The demand curve typically appears as a diagonal line going from upper left to lower right demonstrating that as price goes down, demand goes up. This is because as the price of a good or service decreases, consumers are more likely to purchase it, leading to an increase in demand.

Demand Curve Graph Typically Appears as