Question

Which of the following statements is true about the demand curve above?

a. It is used to illustrate the effect of price on the quantity supplied.
b. It is always graphically depicted by a straight line.
c. It shows the quantity of product customers will buy in a market during a period of time even if other factors change.
d. It usually slopes upward and to the right.
e. It shows the relationship between product demand and product price.

Answer 1

The demand curve shows the relationship between product demand and product price, and typically slopes downward from left to right.

Step-by-step explanation:

The true statement about the demand curve is that it shows the relationship between product demand and product price. Demand curves generally slope downward from left to right because as the price increases, the quantity demanded decreases, and vice versa. While demand curves can have different shapes, they all follow the law of demand.