Question

Explain the difference between a price-consumption curve and a demand curve. price-consumption curve shows A. the difference between what a consumer is willing to pay for a good and the amount actually paid, while a demand curve shows the quantity of one good consumers are willing to buy as the price of that good changes. B. the utility-maximizing combinations of two goods as the prices the price of that good changes. those goods change, while a demand curve shows the quantity of one good consumers are willing to buy as c. the quantity of one good consumers are willing to buy as consumer income changes, while the price of that good changes. demand curve shows the quantity of one good consumers are willing to buy as D. the utility-maximizing combinations of two goods as the price of one good changes, while a demand curve shows the quantity of one good consumers are willing to buy as the price of that good changes. E. the utility-maximizing combinations of two goods as the price of one good changes, while a demand curve shows the quantity of one good consumers are willing to sell as the price of that good changes.

Answer 1

D. the utility-maximizing combinations of two goods as the price of one good changes, while a demand curve shows the quantity of one good consumers are willing to buy as the price of that good changes.

Step-by-step explanation:

The demand curve is a graph of the quantity of goods a consumer is willing to buy given the price of the good. The demand curve is downward sloping. This shows that the higher the price, the lower the quantity demanded and the higher the price, the lower the quantity demanded.

Price-consumption curve is a graph that shows the utility-maximizing combinations of two goods as the price of one good changes.

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