Asked by virendra kumar on May 07, 2024

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A demand curve is the schedule that shows the relationship between the price of a product and the _____.

A) overhead costs
B) social costs
C) quantity of that product buyers will purchase
D) quantity of that product manufacturers will supply

Overhead Costs

These are ongoing expenses not directly attributed to creating a product or service but necessary for running a business, such as rent, utilities, and salaries.

Social Costs

Refers to the negative externalities that arise from economic activities, impacting society or the environment, not accounted for by the market.

  • Comprehend the fundamental concepts of demand, encompassing the law of demand and the elements that lead to a change in the demand curve.
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JN
Jennifer NicholeMay 08, 2024
Final Answer :
C
Explanation :
The demand curve shows the relationship between the price of a product and the quantity of that product that buyers are willing and able to purchase at various prices.