A demand curve shows the relationship between _______ in a period of time.
A) income and demand
B) price and costs
C) price and elasticity
D) profit and price
E) price and demand

Question

Quizplus · Accepted Answer

A demand curve shows the relationship between price and demand in a period of time. It illustrates the quantity of a product or service that consumers are willing to buy at different price points. As the price of a product increases, the quantity demanded generally decreases and vice versa.

A Demand Curve Shows the Relationship Between _______ in a Period