A curve that describes the relationship between the price of a good and the amount a particular consumer purchases (holding the consumer's income,preferences and all other prices fixed)is called
A) A price-consumption curve
B) An individual demand curve
C) An income-consumption curve
D) A budget line

Question

Quizplus · Accepted Answer

An individual demand curve shows the relationship between the price of a good and the quantity demanded by a consumer, holding other factors constant.

A Curve That Describes the Relationship Between the Price of a Good