A demand curve shows: the total number of buyers for all products in a particula
ID: 346437 • Letter: A
Question
A demand curve shows:
the total number of buyers for all products in a particular industry.
the total sales for specified product lines, usually over a three-year period.
a maximum number of products consumers will buy at a given price.
anticipated marginal revenue obtained under specified customer demand conditions.
the opposing axis on a profit equation projection.
the total number of buyers for all products in a particular industry.
the total sales for specified product lines, usually over a three-year period.
a maximum number of products consumers will buy at a given price.
anticipated marginal revenue obtained under specified customer demand conditions.
the opposing axis on a profit equation projection.
Explanation / Answer
Answer: Correct answer is "a maximum number of products consumers will buy at a given price"
Reason: Demand curve is a graph that establishes a relation between unit sold and price, shows the maximum number of units that will be sold at any given price
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