The points on a curve showing the relationship between the price of a good or service and the quantity of that good or service which customers will purchase is known as the
A) variable price curve.
B) equilibrium curve.
C) demand curve.
D) supply curve.
E) balance curve.

Question

Quizplus · Accepted Answer

The points on a curve that show the relationship between price and quantity demanded by consumers is known as the demand curve. This curve is used to understand how much of a product consumers are willing and able to purchase at different price points. The other answer choices are not the correct terms for this type of curve.

The Points on a Curve Showing the Relationship Between the Price