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What is the difference between demand function and demand curve?
Wiki User
∙ 12y ago
demand curve shows quantities that the consumer is willing and able to buy at various prices in a given period of time,other things being equal. Whereas, a budget line is a graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget.
Jaime Anderson
Wiki User
∙ 12y agoA "demand curve" is Price vs. Quantity, holding all else constant;
whereas, a "demand function" is Quantity vs. Price, holding all else constant.
If you can imagine a graph, with the y-axis being Price, and the x-axis being Quantity, and you were to plot price/quantity data or, perhaps, even a function onto this graph, then that would be a "demand curve".
If you did something similar but, this time, the y-axis was Quantity, and the x-axis was Price, then what you would have, instead, is what is called a "demand function".
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Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
What the primary difference between aggregate demand curve and individual 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.
What is a demand curve and how it is different from demand function?
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.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
What the primary difference between aggregate demand curve and individual 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.
What is a demand curve and how it is different from demand function?
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.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
What is the difference between a demand schedule and a demand curve?
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is the difference between a probability density curve and cummulative distribution function?
what is density curve
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
What is the difference between supply function and supply curve?
supply function can be defined as the quantity of a good.
What is the difference between demand curve and market demand curve?
Go to your Economics book on chapter 4 section 1 . Page 82 there you'll see it. ^.^ good luck
Distinguish between demand curve and engel curve?
The difference is the Y- axis. In the case of the Demand curve the Y - axis is the retail price of the good. On the Engel's curve the Y -axis is the amount of income over a set period of time.
What the difference between movement along the demand curve and a shift in demand?
A movement along the demand curve is only caused by a change in price of that specific good, a demand curve is the quantity demanded for a good at each price. If the demand curve shifts, this means that something besides price is affecting the demand, so that at each price more or less is demanded.
