The maximum quantity of products consumers will buy at given price is shown by
A)a demand curve.
B)a price constraint.
C)a break-even point.
D)a supply curve.
E)a marginal revenue curve.

Question

Quizplus · Accepted Answer

The maximum quantity of products consumers will buy at a given price is described by the demand curve, which shows the relationship between price and quantity demanded by consumers. As the price of a product falls, the quantity demanded typically increases as consumers perceive it to be a better value. The demand curve slopes downward showing this inverse relationship between price and quantity demanded.

The Maximum Quantity of Products Consumers Will Buy at Given