Question

The demand curve _____.
A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price

Answer 1

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The Demand curve shows that _________.

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As the price of good will increase its demand will fall .

What is Demand ?

It refers to different possible quantities that the consumer is ready to buy at different possible price .

We have a similar concept of quantity demanded also .

What is quantity demanded ?

It refers to the specific quantity that the consumer is ready to buy against a specific price .

What is demand curve ?

It refers to the graphical presentation of demand schedule that express the relationship between price and quantity demanded .

Answer 2

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The demand curve shows that

First we What is demand curve ?

The demand in which a downward sloping economi graph that shows the relationship between quantity of product demanded by a market and the price the market is willing to pay .

Option D).

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀ Indicates that there is a direct relationship between quantity demanded and price.

Now , We know What is Quantity Demanded ?

Quantity demanded is the quantity of a commodity that people are willing to pay at a particular price at a particular point of time .

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