Which of the following is true about the demand curve?
a. It is always graphically depicted by a straight line.
b. It is used to illustrate the effect of price on the quantity supplied.
c. It usually slopes upward and to the right.
d. It shows the relationship between product demand and product price.
e. It shows the quantity of product customers will buy in a market during a period of time even if other factors change.

Question

14-04-2020
Business

contestada

Which of the following is true about the demand curve?
a. It is always graphically depicted by a straight line.
b. It is used to illustrate the effect of price on the quantity supplied.
c. It usually slopes upward and to the right.
d. It shows the relationship between product demand and product price.
e. It shows the quantity of product customers will buy in a market during a period of time even if other factors change.

Respuesta :

Otras preguntas

diameter of a circle with a circumference of 63feet

↑ 9.2.7 Quiz: Analyze Bradbury and VonnegutQuestion 5 of 10Which statement best describes society in "Harrison Bergeron"?OA. All people have been made equal in

Place the steps of the naturalization process in the correct order.earlierWait for the USCIS to schedule an interview with you.Prepare to answer questions about

ano ang nag hahanap Buhay na gumagamit ng shading/sketch

Researchers decided to examine the effect of two types of medication, A and B, given to common cold patients. To participate in a study over a period of one wee

help me solve this maths

Which of the following documents has proved to be the most successfulimplementation of Enlightenment ideals?The Wealth of Nationsthe Proclamation of Rebellionth

how does the graph of g(x)= 1/x-5 +2 compare to the graph of the parent function f(x)=1/x

5.What is one of the primary challenges faced by indigenous communities in Mexico?RECAccess to advanced technologyAbundance of economic opportunitiesEqual repre

What does a solid yellow line next to a broken yellow line mean on a divided highway?Passing is prohibited for cars traveling on side of the solid line but cars

ogechukwubenedict ogechukwubenedict · Answer 1 · 2020-04-17T03:24:54+02:00

Answer: d. It shows the relationship between product demand and product price.

Explanation: Demand is based on the needs and wants of consumers and it refers to the amount of goods/services a consumer is willing to purchase at a given price. A demand curve shows the relationship between product demand and product price. It is a graph depicting the relationship between the price of a certain good and the amount of it that consumers are willing and able to purchase at that given price.