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A shift in the demand curve shows either an increase or a decrease in demand. If more people suddenly start buying an item, their demand for it increases and the curve will shift. Likewise, if people stop buying a product the curve will also shift, but in the opposite direction.
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
To predict how people will change their buying habits when prices change. A market demand curve allows an economist to predict the total sales of an item at several different prices.
The demand curve for a commodity is moved based on its overall value. If many people wish to buy it, the curve will go up and if it drops in sales, the curve will fall as well.
It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.
The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
how is a demand curve derived from individual demand curve ?
Example of a Linear Demand Curve
Demand curve will be perfect inelastic