A demand curve illustrates;
(a) The relationship between the price of a good and the amount of that good that consumers are willing and able to buy.
(b) The interaction of equilibrium price and equilibrium quantity.
(c) How consumer behaviour changes in response to advertising.
(d) The amount of a good that is supplied at every price.
Answer:
(a) The relationship between the price of a good and the amount of that good that consumers are willing and able to buy.
(b) The interaction of equilibrium price and equilibrium quantity.
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