Which of the Following Statements Is Not True About a Demand

question 39

Multiple Choice

Which of the following statements is not true about a demand curve?

• A)The demand curve shows the maximum price consumers will pay for various quantities of a product.
• B)Movements along a demand curve reflect changes in consumers' tastes.
• C)The demand curve shows the quantities consumers will purchase at various prices.
• D)Movements along a demand curve reflect consumers' response to price changes.

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Definitions:

Common Denominator

The shared multiple of the denominators of two or more fractions, used to make their denominators the same for addition or subtraction.

Combine

To combine is to join or merge two or more elements into a single unit or group.

Simplify

The process of altering an expression into its most basic form or notation.

Combine

The act of merging elements in various contexts, especially in algebra where terms are added or multiplied.