If a market is faced with a horizontal demand curve, then the demand in that market by consumers is perfectly elastic. More simply, any minuscule change in price causes a huge change in quantity demanded.
That would depend on what point of the curve you mean.
Because elasticity is changes depending on the price it is evaluated at. This will then mean that elasticity is different at different point on a demand curve. It can also depend on the scale the demand curve is drawn to
it is the graphic representation of the changes in demand due to the availability of equal important substitude.
When the demand curve shifts to the right, it means that there is an increase in demand for a product or service at every price point. This can be due to factors such as changes in consumer preferences, income levels, or advertising efforts.
When the demand curve shifts to the right, it means that consumers are willing to buy more of a product at each price level. This increase in demand leads to a higher equilibrium price and quantity in the market.
That would depend on what point of the curve you mean.
Because elasticity is changes depending on the price it is evaluated at. This will then mean that elasticity is different at different point on a demand curve. It can also depend on the scale the demand curve is drawn to
an increase in quantity demanded.
it is the graphic representation of the changes in demand due to the availability of equal important substitude.
When the demand curve shifts to the right, it means that there is an increase in demand for a product or service at every price point. This can be due to factors such as changes in consumer preferences, income levels, or advertising efforts.
In the context of Euclidean straight lines it would mean parallel lines. In the context of a curve and a line (or another curve) it would mean the line and the curve do not meet at any point, but not a lot more can be deduced about them.
When the demand curve shifts to the right, it means that consumers are willing to buy more of a product at each price level. This increase in demand leads to a higher equilibrium price and quantity in the market.
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
When a demand curve shifts to the left, it means that there is a decrease in the quantity demanded at every price level. This could be due to factors such as a decrease in consumer income, a change in consumer preferences, or the introduction of a substitute product.