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What happens to the individual demand curve as the price of an item increases?
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Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What the primary difference between aggregate demand curve and individual demand curve?
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
As price falls along a particular demand curve what happens to consumer surplus?
it always increases
Is individual demand curve and market demand curve same for identical consumers?
NO
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What the primary difference between aggregate demand curve and individual demand curve?
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
As price falls along a particular demand curve what happens to consumer surplus?
it always increases
Is individual demand curve and market demand curve same for identical consumers?
NO
What happens if demand curve interacts with the supply curve?
Then demand and supply are equal.
When there is a change in the quantity demanded what happens to the demand curve?
Decrease in quantity demanded usually results from an increase in price and vice versa. When the price of a product increases, the demand curve itself is not affected. However, the quantity demanded decreases to a higher point along the demand curve.
What does the demand curve state?
As price (on the horizontal) increases, demand (on the vertical) will decrease.
If marginal revenue product capital increases the demand or supply curve?
Demand.
What is a demand curve and how it is different from demand function?
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
What is the derivation of an individual demand curve?
income
