Question

    What does a demand curve graphically

    depict?
    A The direct demand functions Correct Answer Incorrect Answer
    B The supply and demand equilibrium Correct Answer Incorrect Answer
    C The relationship between price and quantity demanded Correct Answer Incorrect Answer
    D The production possibilities at ground level Correct Answer Incorrect Answer

    Solution

    A demand curve is a graphical representation showing the relationship between the price of a good and the quantity demanded. Typically, the curve slopes downward, indicating that as price decreases, the quantity demanded increases.

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