The same way you read any other curve on a Cartesian plane: locate a particular point on the curve and its x/y coordinates (i.e.) price and quantity).
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.
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.
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.
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 is a demand curve derived from individual 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.
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.
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.
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.
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 is a demand curve derived from individual demand curve ?
Welp, its simple really, you obviously read the text wrong and it is actually contraction in demand, when the price affects the demand causing a downward movement in the 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.
Example of a Linear Demand Curve
Demand curve will be perfect inelastic
Marginal utility is the key concept underline demand .The height of a demand curve reflects marginal utility.The marginal utility curve resembles the demand curve. So, it is through the marginal utility we get the demand curve.
The upward movement of the demand curve indicates the rising demand of the product, whereas downward movement of the demand curve indicates falling demand.