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

A demand curve shows the maximum quantity of products consumers will buy at a given price. It illustrates the relationship between the price of a product and the quantity of the product that consumers are willing and able to buy at that price. The demand curve slopes downward because as the price of a product increases, the quantity demanded of that product decreases, and vice versa.

Maximum Quantity of Products Consumers Will Buy at Given Price