A Market Demand Curve Shows

question 19

Multiple Choice

A market demand curve shows

• A)the relationship between price and the number of buyers in a market.
• B)how quantity demanded changes when the number of sellers changes.
• C)the sum of all prices that individual buyers are willing and able to pay for each possible quantity of the good.
• D)how much of a good all buyers are willing and able to buy at each possible price.

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Definitions:

Liability

The state of being responsible or legally obligated to settle a debt or fulfill a contractual agreement; also refers to any form of legal obligation.

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Personal Loan

An unsecured loan provided by a financial institution based on the borrower's creditworthiness, typically used for personal expenses or consolidating debt.