A Demand Curve Graph Typically Appears as

question 190

Multiple Choice

A demand curve graph typically appears as

• A) a parabola with the apex representing the highest price that can be charged without losing customers.
• B) a diagonal line going from upper left to lower right demonstrating that as price goes down, demand goes up.
• C) an inverted parabola with the lowest point representing the lowest price that can be charged and still meet the company's profit objectives.
• D) a diagonal line going from lower left to upper right demonstrating that as prices go up, demand goes up proportionately.
• E) two intersecting lines that identify the point at which supply and demand are exactly the same.