Question

What is a demand curve?


consumers buying more of a good when its price decreases and less when its price increases


a table that lists the quantity of a good a person will buy at each different price


a table that lists the quantity of a good all consumers in a market will buy at each different price


a graphic representation of a demand schedule

Answer 1

A demand curve is best described as **a graphic representation of a demand schedule**. It visually illustrates the relationship between the price of a good and the quantity demanded by consumers, typically showing that as price decreases, the quantity demanded increases, and vice versa.