The demand curve for a good shows:
A) that the quantity supplied in the market increases with an increase in price.
B) that the quantity demanded of the good is negatively related to price.
C) that the total utility from consuming the good falls as marginal utility increases.
D) the relationship between consumers' income and quantity demanded of the good.

Question

Quizplus · Accepted Answer

The demand curve typically illustrates that the quantity demanded of a good or service is inversely related to its price, meaning as the price decreases, the quantity demanded increases, and vice versa. This is known as the law of demand.

The Demand Curve for a Good Shows