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Which of the following statements does not describe the demand curve?
Wiki User
∙ 11y ago
Quantities demanded are listed on the horizontal axis
Wiki User
∙ 11y ago
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Which of the following is shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
True or False the steeper the demand curve the less elastic the demand curve?
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.
Is a demand curve created from a demand schedule?
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.
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.
Is an increase in demand represented by a movement up the demand curve?
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.
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.
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
Market demand curve?
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.
Which of the following most accurately describes how the equilibrium price of a good or service can be determinedAsk us anything?
By finding where the supply curve and the demand curve intersect
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
How would the demand curve of cigarettes?
Demand curve will be perfect inelastic
