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What happens going from left to right on the aggregate demand curve real GDP?
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∙ 8y ago
rises as price level falls
Wiki User
∙ 8y ago
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Going from left to right on the aggregate demand curve real GDP .?
rises as price level falls
Going left to right on the aggregate demand curve real GDP?
rises as price level falls
Distinguish between a movement along a given demand curve and a change in demandprovide an example for each?
The change in the demand of a commodity due to change in its price leads to moving the demand curve upward or downward depending upon the change in price. When the price rises, the demand falls. And when the price falls the demand for that commodity rises leading to movement in the demand curve. Shift in the demand curve is the result of the price remaining constant but the demand changing due to several other factors such as, change in fashion, population, etc. Hence at the same price when more is demanded the demand curve shifts to the right. and at the same price when less commodity is demanded it results in the shift of the demand curve to the left.
How does typical demand curve look like?
Assuming it is the curve of the number of items demanded against the price, it is a downward sloping or monotonic decreasing curve in the first quadrant. This means that, at any point, the curve is going from the top left to the bottom right.
Why does a demand curve looks the way it does?
A demand curve is negative sloping. This is because you are willing to buy less and less of a good the more it costs. If a candy bar costs $1 you are going to buy more candy bars than if they cost $10 each.
Going left to right on the aggregate demand curve real GDP?
rises as price level falls
Going from left to right on the aggregate demand curve real GDP .?
rises as price level falls
Distinguish between a movement along a given demand curve and a change in demandprovide an example for each?
The change in the demand of a commodity due to change in its price leads to moving the demand curve upward or downward depending upon the change in price. When the price rises, the demand falls. And when the price falls the demand for that commodity rises leading to movement in the demand curve. Shift in the demand curve is the result of the price remaining constant but the demand changing due to several other factors such as, change in fashion, population, etc. Hence at the same price when more is demanded the demand curve shifts to the right. and at the same price when less commodity is demanded it results in the shift of the demand curve to the left.
How does typical demand curve look like?
Assuming it is the curve of the number of items demanded against the price, it is a downward sloping or monotonic decreasing curve in the first quadrant. This means that, at any point, the curve is going from the top left to the bottom right.
Why does a demand curve looks the way it does?
A demand curve is negative sloping. This is because you are willing to buy less and less of a good the more it costs. If a candy bar costs $1 you are going to buy more candy bars than if they cost $10 each.
Why does a demand curve slope downwards are there any exceptions?
A demand curve shows the relationship between the price of something and the amount people will buy. The higher the price goes, the less of it you're going to sell. The demand curve has so many exceptions it's basically worthless. It's just a business-school exercise item. Let me throw out an exception: chocolate. Let's say it's August and chocolate's $10 per kilogram, and we're selling all we can make. In September I decide to raise the price to $15 per kilogram. All of a sudden sales of chocolate go UP drastically. Using a demand curve in isolation, sales of chocolate should have gone down. They went up because it's time to start making chocolate Santas. ------------------------------------------------------------------------------------------------- SEPERATE POST The demand curve is not worthless. "The demand curve graphs the relationship between the quantity demanded of a good and it's price, holding constant all other influences on consumers' planned purchases"(Parkin 1.). The example given above is inaccurate as it would not take into account the seasonal demand factors. If these factored in when preparing the demand curve you would find that it true. See; 1. Michael Parkin (1993), 2nd Edition, "Microeconomics". (pgs 73-78)
When going through a curve what lane do you stay in?
right
Is Verizon wireless going to have the blackberry curve?
According to the BlackBerry Curve website, the BlackBerry Curve 8330, which isn't out yet, will be available for Sprint and Verizon Wireless.
Can an object be accelerated without speeding up or slowing down?
Yes, it can move in a curve.
Where do I need to stay going through a curve?
Right lane
Is the velocity constant if a car is going around a curve?
NO,velocity changes.
What happen when demand and supply are not equal?
When demand is higher than supply prices are going up, at some level customers don't want to buy and sales are going down. When supply is higher than demand prices are going down, at some level demand is again higher than supply and prices are going up.
