A demand curve reflects each of the following EXCEPT the:
A)ability of buyers to obtain the quantity they desire
B)willingness to pay of all buyers in the market
C)value each buyer in the market places on the good
D)highest price buyers are willing to pay for each quantity

Question

Quizplus · Accepted Answer

The demand curve reflects the willingness of buyers to pay for a good or service at each price level, not necessarily their ability to obtain the quantity they desire. Factors such as income and availability of substitutes can affect a buyer's ability to purchase a good, but these are not directly reflected in the demand curve.

A Demand Curve Reflects Each of the Following EXCEPT The