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4 July, 08:29

A demand curve for the steel porcupines' concert tickets would show the:

a. number of tickets that will be purchased at various prices.

b. quality of people who want to buy these concert tickets.

c. number of people who need tickets.

d. number of tickets the box office is willing to sell at various prices.

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Answers (1)
  1. 4 July, 08:50
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    A demand curve represents the relation between different prices of a commodity and its varying quantities purchased by people at different prices. As a general rule, the more the price, the less the demand. In the scenario described in the question, the demand curve shows the number of tickets that will be purchased at various prices. Ticket is the commodity here and the people who purchase the tickets represent demand.
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