SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A consumer’s demand curve for a commodity shows how quantity purchased varies with
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the consumer’s income.
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the consumer’s tastes.
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the price of substitutes.
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the price of the commodity.
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Explanation:
Detailed explanation-1: -A demand curve illustrates the quantity demanded and any price offered on the market. A change in quantity demanded is represented as a movement along a demand curve.
Detailed explanation-2: -For instance, when the price-consumption curve shows the number of individuals purchasing a particular product, then a demand curve can be derived by getting the number of individuals and adding the product’s market demand.
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