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.

Question

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.

BlackTom AI · Accepted Answer

The question asks about the graph that shows how many units of a product or service consumers will want during a specific period at different prices, and asks for the blank-filled term of this curve.
Option 1: 'supply' — This would depict the relationship between price and the quantity producers are willing to supply, not the quantity consumers want. It focuses on producers, not consumer demand, so this is not correct for a consumer-demand depiction.
Option 2: 'price versus sales' — This phrase is vague and not a standard name for a graph in economics. It does not designate the typical curves used in microeconomics and could refer to various chart types, making it an inaccurate label for the classic demand relationship.
Option 3: 'consumer' — While it references the party whose behavior is being analyzed, it does not name the specific curve. A curve labeled simply 'consumer' would be ambiguous and incomplete for describing the price-quantity relationship.
Option 4: 'demand' — This is the standard term for the relationship that shows how many units consumers will purchase at each possible price over a given period. The demand curve is the conventional graphical representation of this relationship, typically downward-sloping due to the law of demand.
In summary, the term that correctly names the graph describing quantity demanded at various prices is the 'demand' curve, since it directly captures how consumer demand changes with price across a specified time frame.

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.

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