A curve that represents graphically the relationship between the quantity of a good demanded by a consumer and the price of that good as the price varies is called the market demand curve.

Question

Quizplus · Accepted Answer

The curve described is known as the demand curve for an individual consumer, not the market demand curve. The market demand curve represents the total quantity demanded by all consumers in the market at various prices.

A Curve That Represents Graphically the Relationship Between the Quantity