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.

---

Definitions:

Year-End Costs

Expenses or costs incurred by a business at the end of the fiscal year; these may include adjustments, accruals, and prep for financial reporting.

Inventory Cost Flow

An accounting method that determines the value of sold inventory and ending inventory, can be FIFO, LIFO, or Average Cost.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue. It represents the company's bottom line.

Rising Prices

An economic situation characterized by a general increase in the prices of goods and services.