The chart compares the price of graphic T-shirts to the quantity demanded. This chart shows the link between________a.interest i
n a product and the price a consumer pays.b.interest in a product and the price a producer pays.c.amount of a product and the price a consumer pays.d.amount of a product and the price a producer pays.
2 answers:
Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
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