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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.
How would a rise in the business investment affect the aggregate demand curve?
The aggregate demand curve shifts to the right
How does the imposition of a tax on sellers of a product affect the demand curve?
When a tax is imposed on sellers of a product, it increases the cost of production for the sellers. This leads to a decrease in the quantity supplied at each price level, shifting the supply curve to the left. As a result, the equilibrium price increases and the equilibrium quantity decreases. This change in price and quantity causes the demand curve to shift to the left, reflecting a decrease in demand for the product due to the higher price.
A pure-monopoly firm's demand curve is also the market demand curve This kind of firm may successfully engage in price discrimination to increase its total profit if it?
segregates its market into clearly definable groups of consumers with different elasticity of demand, and prevents buyers in one market segment from reselling to buyers in another market segment
If a demand curve shifts rightward this means?
Quantity buyers are willing and able to purchase more of the good every price.
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.
How would a rise in business affect the aggregate demand curve?
The aggregate demand curve shifts to the right
How would a rise in the business investment affect the aggregate demand curve?
The aggregate demand curve shifts to the right
How does the imposition of a tax on sellers of a product affect the demand curve?
When a tax is imposed on sellers of a product, it increases the cost of production for the sellers. This leads to a decrease in the quantity supplied at each price level, shifting the supply curve to the left. As a result, the equilibrium price increases and the equilibrium quantity decreases. This change in price and quantity causes the demand curve to shift to the left, reflecting a decrease in demand for the product due to the higher price.
A pure-monopoly firm's demand curve is also the market demand curve This kind of firm may successfully engage in price discrimination to increase its total profit if it?
segregates its market into clearly definable groups of consumers with different elasticity of demand, and prevents buyers in one market segment from reselling to buyers in another market segment
If a demand curve shifts rightward this means?
Quantity buyers are willing and able to purchase more of the good every price.
What are 5 non-price factors that can cause the Demand Curve to shift left or right?
Number of buyers, tastes & preferences, income, expectations of buyers, prices of substitute goods.
What factors shift the demand curve?
the price of the good, customer income,tastes, expectations,number of buyers,price of related goods.
What changes could cause a demand curve to shift, and how do these changes affect the direction of the shift?
Changes in factors such as consumer income, preferences, prices of related goods, and expectations can shift a demand curve. An increase in consumer income or preferences for a product can shift the demand curve to the right, indicating higher demand. Conversely, a decrease in income or preferences can shift the demand curve to the left, indicating lower demand.
Why demand always downward slop in competitive market?
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
How does a change in price on a linear demand curve affect total revenue?
on the linear demand curve, demand is elastic at price above the point of unitary elasticity so a price increase will decrease the total revenue.
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
