the market demand is curved from the top left to the bottom right hand side corner.
explain graphically the movement along 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.
oligopoly
NO
downward sloping
explain graphically the movement along the demand curve
show how the price elasticity of demand is graphically measured along a liner demand curve?
Static equilibrium in economics refers to a situation where the demand for a product equals its supply in a given market at a particular point in time, resulting in no incentive for price changes. Graphically, static equilibrium is shown at the point where the demand curve intersects the supply curve, indicating a stable market price and quantity.
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
downward sloping
Usually market demand curves are downward sloping.
Usually market demand curves are downward sloping.
Firms in most cases opt to select prices in the elastic regions of their demand curve. This fact explains why marginal revenue curve is always below.
the same as the market demand curve.
Demand curve is only Accurate for one very specific set of market condition.