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It shows the demand for the product in relation to the price

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13y ago

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Market 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.


Which market structure is the demand curve of the market represented by the demand curve of the firm?

oligopoly


What is Demand and supply curve?

A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.


What is a demand and supply curve?

A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.


Is individual demand curve and market demand curve same for identical consumers?

NO


How does a market demand curve differ from a demand curve How are they similar?

downward sloping


What is the shape of the market demand curve?

Usually market demand curves are downward sloping.


What is the shape of a market demand curve?

Usually market demand curves are downward sloping.


The demand curve any monopolist uses in making output decisions is?

the same as the market demand curve.


How do you show on a demand curve an increase in the demand for a good?

You can choose to shift the demand curve to the right i.e. expansion of demand.


What are the limits of demand curve?

Demand curve is only Accurate for one very specific set of market condition.


If the demand curve shifts to the right, how does this impact the market equilibrium"?

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.