A demand curve refers to a graph that relates
A)the quantity sold and price,which shows the maximum number of units that will be sold at a given price.
B)the quantity sold and price,which shows the minimum number of units that must be sold to break even.
C)the quantity sold and price,which shows the minimum number of units that must be sold in order to make a profit.
D)total production costs to various price points in order to determine how many units must be sold in order to realize a predetermined profit.
E)primary demand to selective demand.

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between the quantity of a good or service that consumers are willing to buy and the price of that good or service. It illustrates the maximum quantity of units that consumers will buy at various price points, making option A the correct choice.

A Demand Curve Refers to a Graph That Relates