The demand curve for dolls shows the quantity of dolls demanded
A) by suppliers of those dolls
B) by U.S.consumers
C) at the equilibrium price for dolls
D) at each level of income
E) at each possible price of dolls

Question

Quizplus · Accepted Answer

The demand curve for dolls shows the quantity of dolls demanded at each possible price of dolls. The relationship between the price of dolls and the quantity demanded by U.S. consumers is depicted by the demand curve. The demand curve shifts when other factors affecting demand change, such as changes in income, tastes and preferences, prices of related goods, and population. Therefore, the best choice is E, which indicates that the demand curve for dolls is related to prices.

The Demand Curve for Dolls Shows the Quantity of Dolls