answersLogoWhite

0

Demand curve describes the relationship between the product price and the number of the product demanded through the use of graph. This is also an illustration of demand schedule.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

True or False the steeper the demand curve the less elastic the demand curve?

It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.


Is a demand curve created from a demand schedule?

The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.


Is an increase in demand represented by a movement up the demand curve?

An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand 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 ?


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.


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.


What are the examples for exceptional demand curve?

Example of a Linear Demand Curve


How would the demand curve of cigarettes?

Demand curve will be perfect inelastic


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 needed to dertermine the equilibrium of a good or service?

by finding where the supply curve and the demand curve intersect


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.

Trending Questions
How did Thomas Edison acquire his wealth? What is the total agricultural land area of the Philippines? According to a mercantilist what was the purpose of a colony? How much is high pressure Gail pump 10000 worth? How has globilization promoted cooperation among countries? How much would 1500 pounds from 1858 be worth today? Are Euros larger than US dollars? What is the most expensive pair of jeans that Armani sells? How is gross domestic product used to monitor the business cycle? What are the factors that affect the growth Multinational Corporations? What is the worth of a 100 tpaneza the eaaaaoe dollar? Chris wants to buy a poster for each room in his house He knows that the more rooms he has the more money he will spend on posters? Why is commerce called the bloodshed of the nation please discuss? Recognition may be motivational for the moment but it doesnt have any staying power it is an empty reinforcer why? Is this true or False Economic growth may overstate changes in the standard of living if the average work week is increasing.? How global macro-economic factors influence the supply and demand of agricultural input? What are the aims and objectives of public corporation? Suppose you are the marketing manager of bayer and co ahmedabad which are the techniques you will apply in forecasting demand of a product yet to be manufactured? How much is the jamaican twenty dollar bill worth in the US? What term defines the income paid to the owner of land labor or capital in return for productive services?