Question

What does a single point on the demand curve represent?a. The value of film to the consumer as judged by the producerb. The value of consuming one more roll of filmc. The amount of film the consumer demandsd. The cost of producing film at that quantity

Answer 1

Answer: Option (c) is correct.

Step-by-step explanation:

The demand curve is a graphical representation of relationship between the price of a commodity and the quantity demanded by the consumer at the prevailing market price. It is a downward sloping curve. It also shows the quantity of goods that a consumer demands. It states that there is a inverse relationship between the price of a commodity and its quantity demanded which means that if the price of a commodity increases then as a demand for that commodity decreases.