QuestionJune 14, 2025

The difference or the distinction between demand for a good and the quantity demanded of good is best articulated by saying that: the quantity demanded is in an inverse relation with prices, whereas demand is in a direct relation. the quantity demanded is in a direct relation with prices, whereas demand is in an inverse relation. demand is represented graphically by a curve and quantity demanded as a point on that curve. the quantity demanded is represented graphically by a curve and demand as a point on that curve.

The difference or the distinction between demand for a good and the quantity demanded of good is best articulated by saying that: the quantity demanded is in an inverse relation with prices, whereas demand is in a direct relation. the quantity demanded is in a direct relation with prices, whereas demand is in an inverse relation. demand is represented graphically by a curve and quantity demanded as a point on that curve. the quantity demanded is represented graphically by a curve and demand as a point on that curve.
The difference or the distinction between demand for a good and the quantity demanded of
good is best articulated by saying that:
the quantity demanded is in an inverse relation with prices, whereas demand is in a direct relation.
the quantity demanded is in a direct relation with prices, whereas demand is in an inverse relation.
demand is represented graphically by a curve and quantity demanded as a point on that curve.
the quantity demanded is represented graphically by a curve and demand as a point on that curve.

Solution
4.3(160 votes)

Answer

demand is represented graphically by a curve and quantity demanded as a point on that curve. Explanation 1. Identify the relationship Demand is represented by a curve showing various quantities demanded at different prices. 2. Understand quantity demanded Quantity demanded refers to a specific point on the demand curve at a particular price.

Explanation

1. Identify the relationship<br /> Demand is represented by a curve showing various quantities demanded at different prices.<br />2. Understand quantity demanded<br /> Quantity demanded refers to a specific point on the demand curve at a particular price.
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