A Demand Curve Shows

question 127

Multiple Choice

A demand curve shows

• A)the willingness of consumers to buy a product at different prices.
• B)the willingness of consumers to substitute one product for another product.
• C)the relationship between the price of a product and the demand for the product.
• D)the relationship between the price of a product and the total benefit consumers receive from the product.

---

Definitions:

Independent Variable

An independent variable is a variable that is manipulated or changed in an experiment to test its effect on a dependent variable.

Dependent Variable

The outcome factor in a study that changes in response to manipulations of the independent variable.

Predicted Score

An estimate based on a model or algorithm of what a variable's value will be based on other variables.

Regression Equation

An equation that describes the relationship between one dependent variable and one or more independent variables, often used to predict outcomes.