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What happens to the demand curve and demand of an item when it is free?
Wiki User
∙ 14y ago
You simply move upward on the demand curve to where price is 0.
Since this is the Law of Demand, there are no exceptions, even when an item is free.
Wiki User
∙ 14y ago
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What happens when the demand curve shifts to the right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
What happens to demand when the supply curve shifts right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
Is demand curve canbe upwardly sloping?
A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.
An item's demand curve will be elastic when?
substitutes are unavailible
What is represented by a shift in the demand curve?
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.
What happen when the demand curve shift to the right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
Why does an Econ a missed create a market demand curve?
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.
Why are the demand curve negative solopes?
Because fewer people want to buy an item as it gets more expensive.
In what direction would the demand curve shift if an item is sold for a hundred dollars and it is usually only thirty dollars?
Downward.
Why does the typical demand curve slopes downward from left to right?
The typical demand curve slopes from left to right,because :as we all know the y axis signifies the price of the commodity, while the x axis represents the quantity demanded.And according to the law of demand,the higher the price of an item the lower the demand, and vice -versa.
When an item goes on sale what happens to your demand?
Normally, demand increases. More people will buy a product if they are getting a bargain.
Why is demand curve downward slopping?
It doesn't have to be! It depends how you label x and y axis on your graph. But generally, the higher the price an item is demand will be less and conversly the lower the price, the higher demand will be. Conventionally, we put price on the y axis(vertically) and supply (horizontally) on the x axis. However, this can be reversed to give an upward sloping demand curve.
