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market demand

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Q: In a graph of price vertical axis verses quantity horizontal demand is downward sloping because?
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A perfectly price- inelastic demand curve is A horizontal b downward sloping c upward sloping d vertical?

A perfectly price-inelastic demand curve is vertical (Parallel to Y-axix) because the percentage change in quantity demanded is nil whatever the percentage change happens in price.


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It is a function because for every point on the horizontal axis, the parabola identified one and only one point in the vertical direction.


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Demand curve is slope downward because of inverse relationship between price and quantity.


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The horizontal axis runs left to right because it is horizontal. The vertical axis runs up and down. In math, 'y' is associated with the horizontal axis and 'x' is associated with the vertical axis.


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Why are the waves longitudinal in fluids?

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What is the shape of demand curve in monopoly?

The demand curve is downwards sloping with price on the vertical axis and quantity demanded on the horizontal axis. This is because as products get more expensive the quantity demanded decreases, other things being equal. Put another way, there is a negative correlation between price and quantity demanded.


Would you interpretations be different if the graph had vertical bars instead horizontal bars Explain?

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Why start on the horizontal axis?

We start on the horizontal axis because of tradition. You would get the same results if you started on the vertical axis, as long as you continue to label the horizontal axis as the x-axis and the vertical axis as the y-axis.


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Because they only go in one (1) direction.