Question

An individual's demand curve for a good is derived by varying the a. price of one good and observing the resulting quantities of the other good. b. income level and observing the resulting total utility derived from both goods. c. budget line to the left and calculating the loss in total utility. d. price of one good and observing the resulting quantities demanded of that good.

Answer 1

Answer: Option D

Step-by-step explanation: In simple words, the demand curve can be defined as the graphical representation of the price and the quantity demanded of a commodity. It depicts the demand function which states that when price of a good rises the demand of that goods decreases.

In such a diagram the price is shown in the Y axis while the demand is shown in the X axis.

Thus, from the above we can conclude that the correct option is D .