The relationship that shows how much buyers of a product want to buy at each possible price,holding fixed all other factors is called
A) A demand curve
B) Elasticity of demand
C) Demand function
D) An indifference curve

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the quantity demanded of a product and its price, holding all other factors such as consumer income, preferences, and prices of related goods constant. It is a graphical representation of the law of demand, which states that as the price of a good rises, the quantity demanded of the good will decrease, all else being equal. Therefore, the correct answer is A) a demand curve.

The Relationship That Shows How Much Buyers of a Product