A demand curve represents the relationship between consumer income and the quantity demanded.

Question

Quizplus · Accepted Answer

The demand curve represents the relationship between the price of a good or service and the quantity demanded, holding all other factors constant. In other words, it shows the quantity of a good that consumers are willing to buy at different prices. It does not represent the relationship between consumer income and quantity demanded.

A Demand Curve Represents the Relationship Between Consumer Income and the Quantity