QQuestionEconomics
QuestionEconomics
A demand curve enables a firm to examine prices __________.
A. in terms of quantity sold relative to the costs to produce the product
B. in terms of supply relative to its profits
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Answer
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Step 1I'll solve this economics problem step by step:
Step 2: Understand the Demand Curve Concept
A demand curve is a graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that consumers are willing to purchase at various price points.
Final Answer
A is the closest correct answer, as it relates price to quantity sold, which is the fundamental purpose of a demand curve.
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