(i) Which of the following shows the relationship between the price of a
good and the amount of the good that consumers want at that price?
(d) Production posibilities frontier
sta
(b) Demand curve
(a) Supply curve
(c) Supply schedule
Answers
Answered by
1
Answer:
demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis.
Explanation:
Option (a) and (b)
I hope it is helpful for you
Answered by
0
(b) Demand curve shows the relationship between the price of a good and the amount of the goods that consumers want at that price.
Law of demand:
THE LAW OF DEMAND states that the price of a good and the demand curve by consumers have an inverse relationship.
- A demand curve is a diagram that depicts the relationship between the cost of a product as well as the demand curve over a given period of time, all else being equal.
- Market Demand-the total amount of all the amounts demanded by all the customers in the market at provided alternative prices over a given time period, all else being equal.
Similar questions
Hindi,
2 months ago
English,
2 months ago
Physics,
4 months ago
Biology,
4 months ago
Social Sciences,
10 months ago