An individual demand curve tells us how many units:
A)a firm will sell at various prices.
B)firms will sell at various prices.
C)an individual will buy at various prices.
D)individuals will buy at various prices.

Question

Quizplus · Accepted Answer

An individual demand curve represents the quantity of a good or service that an individual is willing and able to buy at various prices, making choice C the correct answer. Answer A refers to a firm's supply curve, while Answer B refers to the market supply curve. Answer D suggests a collective demand curve, which is not a commonly used concept in economics.

An Individual Demand Curve Tells Us How Many Units