Question

The graph shows a demand curve. A graph titled Demand Curve has Quantity Demanded on the x-axis, from 0 to 60 in increments of 10, and Price on the y-axis, from 0 to 20 dollars in increments of 2 dollars and 50 cents. A line with negative slope is on the graph. What does the data shown in this graph represent? a decrease in quantity demanded as prices decrease an increase in price as quantity demanded decreases a decrease in income as quantity demanded increases an increase in quantity demanded as prices decrease

Answer 1

The change in price as shown in the graph is shown as movement along the demand curve.

The terms demand and supply are common themes in economics.

They show the relationship between the amount that a seller wants to sell and the amount that a buyer wants to buy.

A number of factors affect the demand curve.

The change in price as shown in the graph is shown as movement along the demand curve.