A demand curve is a
A. graphical representation of alternative demands.
B. graphical relationship, that includes several things such as tastes, time, and supply.
C. horizontal line connecting amounts demanded at various income levels.
D. graphical representation of the demand schedule.
Answer: D
You might also like to view...
At the current level of production, if the firm's marginal costs exceeds marginal benefits, then
a. The company should produce more b. The company is maximizing profit at this output c. The company is producing too much d. Not possible to determine
Price decreases always increase economic efficiency.
Answer the following statement true (T) or false (F)
Unanticipated inflation generally hurts borrowers and benefits lenders
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct for a monopolist? (i) The firm maximizes profits by equating marginal revenue with marginal cost. (ii) The firm maximizes profits by equating price with marginal cost. (iii) Demand equals marginal revenue. (iv) Average revenue equals price
a. (i), (iii), and (iv) only b. (i) and (iv) only c. (i), (ii), and (iv) only d. (i), (ii), (iii), and (iv)