what does the demand curve tell us about the price that consumers are willing to pay? a demand curve ______…

what does the demand curve tell us about the price that consumers are willing to pay? a demand curve ______ a. is a marginal - benefit curve b. shows us that the highest price that someone is willing to pay for an additional unit of a good or service rises as the quantity increases c. tells us that marginal benefit rises as the quantity purchased increases d. is a marginal - cost curve

what does the demand curve tell us about the price that consumers are willing to pay? a demand curve ______ a. is a marginal - benefit curve b. shows us that the highest price that someone is willing to pay for an additional unit of a good or service rises as the quantity increases c. tells us that marginal benefit rises as the quantity purchased increases d. is a marginal - cost curve

Answer

Brief Explanations:

The demand curve represents the marginal benefit curve. It shows the maximum price a consumer is willing to pay for an additional unit of a good or service. As the quantity consumed increases, the marginal benefit (the additional benefit from consuming one - more unit) decreases. This is why the demand curve is downward - sloping.

Answer:

A. It is a marginal benefit curve