A demand curve:
A) shows what quantities would be supplied at various possible prices.
B) shows how total revenue increases as prices decrease.
C) is usually up-sloping from left to right.
D) is formed by plotting the data from a demand schedule.
E) All of the above are true.

Question

Quizplus · Accepted Answer

A demand curve is formed by plotting the data from a demand schedule, which shows the quantity of a good or service that consumers are willing and able to buy at various possible prices. The other options are incorrect - A is describing a supply curve, B is describing a total revenue curve, and C is describing an upward-sloping supply curve (not a demand curve).

A Demand Curve