In a Competitive Market, the Demand Curve Shows the ________

question 4

Multiple Choice

In a competitive market, the demand curve shows the ________ received by consumers and the supply curve shows the ________.

• A)utility; average cost.
• B)marginal benefit; marginal cost
• C)economic surplus; opportunity cost
• D)net benefit; net cost

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Definitions:

Danish Krone

The official currency of Denmark, Faroe Islands, and Greenland.

U.S. Dollars

The legal tender of the United States, denoted by the symbol $.

Foreign Currency

Currency used in a country other than one's own, exchanged for goods, services, or to conduct financial transactions.

Australian Dollars

The currency of Australia, represented by the symbol AUD and used throughout the country.