0
Assuming it is the curve of the number of items demanded against the price, it is a downward sloping or monotonic decreasing curve in the first quadrant.
This means that, at any point, the curve is going from the top left to the bottom right.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
How does a demand curve influenced by goods of ostentation look like?
Inelastic which is mostly vertical with a slight tilt.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
How can price consumption curve be used to hep determine the individual demand curve?
The price-consumption curve explains how changes in the cost of a good, relative to another good, also effects an individuals consumption choices. The individual demand curve takes a single good and explains the relationship between the cost of that good, and the quantity demanded. Therefore shifts in the indifference curves (PCC) based on consumption possibilities, should correlate to the shifts in the demand curves. The easiest way to look at it, is that that your horizontal axis points on both your budget line, and your individual demand curve, should be the same. Your Vertical axises will differ because they are measuring different costs, ie, monetary cost (Demand Curve) and oppurtunity cost (budget line/constraint).
When trying to decide what to produce businesses will look at the demand for their goods.?
When trying to decide what to produce, businesses will look at the demand for their goods.
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
WHEN DOES A SUPPLY CURVE LOOK LIKE A DEMAND CURVE?
t
How does a demand curve influenced by goods of ostentation look like?
Inelastic which is mostly vertical with a slight tilt.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
What does a bell curve of IQ look like?
The "bell curve" of anything, with the peak of the curve supposedly at a score of 100.
What does a typical day for a taxi driver look like?
What does a typical day for a taxi driver look like
Why does a soil curve look like a triangle?
because it does
What does water curve look like?
it looks like a curved current
What does a Graph look like showing phenotype distributions for stabilizing selection?
A normal curve. A Bell curve.
What does Ellipse and what does it look like?
An ellipse is a closed curve that is elongated.
IQ scores on a graph look like?
a bell curve.
How can price consumption curve be used to hep determine the individual demand curve?
The price-consumption curve explains how changes in the cost of a good, relative to another good, also effects an individuals consumption choices. The individual demand curve takes a single good and explains the relationship between the cost of that good, and the quantity demanded. Therefore shifts in the indifference curves (PCC) based on consumption possibilities, should correlate to the shifts in the demand curves. The easiest way to look at it, is that that your horizontal axis points on both your budget line, and your individual demand curve, should be the same. Your Vertical axises will differ because they are measuring different costs, ie, monetary cost (Demand Curve) and oppurtunity cost (budget line/constraint).
