downward sloping
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.
oligopoly
NO
Usually market demand curves are downward sloping.
downward sloping
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.
oligopoly
NO
Usually market demand curves are downward sloping.
Usually market demand curves are downward sloping.
the same as the market demand curve.
Demand curve is only Accurate for one very specific set of market condition.
When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.
Yes, there is a relationship between the marginal revenue curve and the demand curve. For a monopolistic firm, the marginal revenue curve lies below the demand curve because the firm must lower the price on all units sold to sell additional units, resulting in diminishing marginal revenue. In contrast, for a perfectly competitive firm, the marginal revenue curve is horizontal and coincides with the demand curve, as the firm can sell any quantity at the market price without affecting it. Thus, while the two curves are related, their positions and shapes differ based on the market structure.
It shows the demand for the product in relation to the price
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product