The demand curve is also the
A) total cost curve.
B) total benefit curve.
C) marginal cost curve.
D) marginal benefit curve.
E) marginal deadweight cost curve.

Question

Quizplus · Accepted Answer

The demand curve represents the relationship between the price of a good or service and the quantity that consumers are willing and able to purchase at that price. This relationship is based on the marginal benefits that consumers perceive from consuming additional units of the good or service. Therefore, the demand curve is also the marginal benefit curve. None of the other choices accurately describe the demand curve.

The Demand Curve Is Also the