Refer to Figure 13.1. Of the following choices, Panel C best represents the demand curve for

A) an individual producer of soybeans.
B) a utility company.
C) insulin.
D) the Apple iPhone.

Demand Curve

a graphical representation of the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Soybeans

A species of legume native to East Asia, widely grown for its edible beans which have numerous uses in food, oils, and as animal feed.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into tissues.