A demand curve is a graph that relates

Question

BlackTom AI · Accepted Answer

To tackle the question, we start by recalling what a demand curve represents and what it plots.
Option 1 posits a relationship between quantity sold and revenues with a profit threshold. While revenues arise from price and quantity, a demand curve itself is not defined as a revenue/profit chart; it specifically maps willingness to buy at various prices, not the minimum profitable quantity.
Option 2 suggests a shift from primary to selective demand and compares market growth to market share. That concept describes market segmentation and demand types, not the graphical relationship captured by a standard demand curve.
Option 3 claims the curve shows revenues and costs with a break-even quantity. Break-even analysis combines costs and revenues but is not the shape or project of a demand curve; it relies on separate cost and revenue functions.
Option 4 states: 'the quantity sold and price, showing the maximum number of units that will be sold at a given price.' This aligns with the classic definition of a demand curve: it plots quantity demanded (sold) versus price, illustrating the highest quantity consumers are willing to buy at each price point.
Option 5 describes total production costs across price points to determine a predetermined profit, which is a cost-focused profitability exercise rather than a representation of demand relationships.
In summary, the only option that accurately captures the essence of a demand curve as a relationship between quantity demanded and price is Option 4, while the others describe unrelated or misapplied concepts such as revenue focus, market segmentation, break-even analysis, or cost-based profit planning.

MKT250002.2025FA Revised Quiz Chapters 11 - 14- Requires Respondus LockDown Browser

A demand curve is a graph that relates

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MKT*2500*02.2025FA Revised Quiz Chapters 11 - 14- Requires Respondus LockDown Browser

A demand curve is a graph that relates

查看解析

登录即可查看完整答案

类似问题

Using the demand schedule below representing a linear demand curve, answer the following question. If the price increases by $20 then the quantity demanded will ____________. Price Quantity $300 15 $250 30 $200 45 $150 60

The above figure shows a graph of the market for pizzas in a large town. No pizzas will be demanded unless price is less than (enter only a number):

According to the Law of Demand, the demand curve for a good will (choose all correct answers):

A decrease in demand shifts the demand curve to the left.

A typical demand curve will tell Palo that the higher the price of the cashmere sweaters his company makes,

Prestige products or services do not follow the Blank ______ curve.

The graph that shows how many units of a product or service consumers will want during a specific period at different prices is known as the Blank ______ curve.

更多留学生实用工具

希望你的学习变得更简单

MKT250002.2025FA Revised Quiz Chapters 11 - 14- Requires Respondus LockDown Browser