In presenting the idea of a demand curve,economists presume the most important variable in determining the quantity demanded is:

A) the price of the product itself.
B) consumer income.
C) the prices of related goods.
D) consumer tastes.

Demand Curve

The demand curve is a graphical representation showing the relationship between the price of a product or service and the quantity demanded by consumers.

Quantity Demanded

The volume of a commodity or service that people are ready and capable of acquiring at a given price point.

Economists

Professionals who study, develop, and apply theories and concepts in economics to understand how individuals, businesses, and societies allocate resources.