Economy, asked by milanminj, 6 months ago


Each point on the demand curve reflects the highest price the consumer is willing to pay

Answers

Answered by hibban4664
1

Answer; hope it help you man mark me the best

Key points

The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.

Demand curves and demand schedules are tools used to summarize the relationship between quantity demanded and price.

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