A relationship that shows the quantity of goods that consumers are willing to buy at different prices is the:
A)elasticity
B)market demand curve
C)market supply curve
D)market equilibrium

Question

Quizplus · Accepted Answer

The market demand curve shows the quantity of goods that consumers are willing to buy at different prices. This curve is derived by adding up the individual demand curves of all consumers in the market. Option A (elasticity) refers to the responsiveness of quantity demanded to changes in price. Option C (market supply curve) shows the quantity of goods that suppliers are willing to sell at different prices. Option D (market equilibrium) is the point where the quantity demanded equals the quantity supplied, resulting in a stable market price. A market demand curve shows the quantity of a good or service consumers are willing to buy at different prices. Elasticity is a measure of the responsiveness of quantity demanded or supplied to changes in price. Market supply curve shows the quantity of a good or service producers are willing to supply at different prices. Market equilibrium is the point where quantity demanded and quantity supplied are equal, resulting in an efficient allocation of resources.

A Relationship That Shows the Quantity of Goods That Consumers