Which of the following statements is correct regarding the demand curve?
I. It is a graphical representation of the demand function.
II. It gives the quantity demanded by the consumer at each price.
A.Only II
B.Both I and II✓ Correct
C.Only I
D.Neither I nor II
Explanation
Both statements are correct: the demand curve graphically represents the demand function (Statement I) and shows the quantity a consumer demands at various price levels (Statement II).
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