A typical demand curve shows that:
A)As people earn more income,they buy more of a good.
B)As supply increases,the amount purchased decreases.
C)People tend to buy more of a good than they really want.
D)People tend to buy more of a good when its price decreases.

Question

Quizplus · Accepted Answer

A typical demand curve slopes downward, indicating that as the price of a good decreases, consumers tend to buy more of it. This is because the lower price makes the good more affordable and attractive compared to other options. Conversely, as the price of a good increases, consumers tend to buy less of it because it becomes relatively more expensive.

A Typical Demand Curve Shows That