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Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
How can the demand curve be derived using the marginal utility theory?
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.
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
Movement along a demand curve?
explain graphically the movement along the demand curve
Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
How can the demand curve be derived using the marginal utility theory?
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.
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Movement along a demand curve?
explain graphically the movement along the demand curve
Is income held constant along the demand curve?
Yes, an increase or decrease in income will cause a shift in the demand curve right or left depending on if the good is inferior, normal, or superior
How the slope of the demand curve can be explained by the principle of marginal utility?
The demand curve is negatively sloped because it is based on the principle of marginal utility and this utility decreases as consumption increases. The demand price which depends on the marginal utility of a good also declines as consumption increases, so quantity and price are inversely related, leading to the negative curve and the law of demand.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
What happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Does the change in consumer tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Is the price elasticity constant along the demand curve?
Price elasticity of demand is equal to the instantaneous slope of the demand curve, or the slope of the tangent line at any point on the demand curve. So if the demand curve is represented by a straight downward sloping line, then yes, price elasticity of demand is equal to the slope of the demand curve. Otherwise, the slope at any point on the curve is changing, and you can find the it by taking the derivative of the demand curve function, which will find the Price elasticity of demand at any single point. Thus, the Price Elasticity of Demand changes at different points on the demand curve.
