ok so the typical demand is a dog :D
Downward
You can choose to shift the demand curve to the right i.e. expansion of demand.
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
It shows the demand for the product in relation to the price
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.
Downward
You can choose to shift the demand curve to the right i.e. expansion of demand.
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.
It shows the demand for the product in relation to the price
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.
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.
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.
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.
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.
show how the price elasticity of demand is graphically measured along a liner demand curve?
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.
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.