0
What else can I help you with?
What is the typical slope of a demand curve?
Downward
How do you show on a demand curve an increase in the demand for a good?
You can choose to shift the demand curve to the right i.e. expansion of demand.
What does a demand curve show?
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
What does the market demand curve show?
It shows the demand for the product in relation to the price
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.
What is the typical slope of a demand curve?
Downward
How do you show on a demand curve an increase in the demand for a good?
You can choose to shift the demand curve to the right i.e. expansion of demand.
What does a demand curve show?
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
What does the market demand curve show?
It shows the demand for the product in relation to the price
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.
Show a demand curve illustrating price inelastic demand and explain how the curve relates to the definition of price elasticity of demand?
See the related link. A perfectly inelastic demand would be a line straight up and down. That would show that demand is constant regardless of the price.
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is Demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
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.
What is an isoquant explain it graphically.?
show how the price elasticity of demand is graphically measured along a liner 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.
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.
