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What is the difference between a demand schedule and a demand curve?
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is a demand curve?
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.
A graph of a complementary good in economics?
A graph of complimentary goods in economics represents the relationship between the price of of commodity & demand for it's complementary. Thus it shows a inverse relationship.
What does the equillibrium point on a supply and demand graph represent?
which is true about the functional relationship shown in the graph
The location on a graph where supply and demand intersect is called?
Point of equilibrium!
What is the difference between a demand schedule and a demand curve?
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is a demand curve?
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.
Which point on the graph represents the equilibrium price?
Supply and demand graphs meet at the equilibrium price.
A graph of a complementary good in economics?
A graph of complimentary goods in economics represents the relationship between the price of of commodity & demand for it's complementary. Thus it shows a inverse relationship.
What represents acceleration on a graph?
The answer depends on the variables in the graph! In a graph of age against mass there is nothing that represents acceleration.
How can economist visualize equilibrium price?
Economists can visualize equilibrium price using a supply and demand graph. The point where the supply and demand curves intersect represents the equilibrium price. It shows the price at which the quantity demanded by consumers matches the quantity supplied by producers, resulting in a market balance.
What is the name of the jagged line in a graph scale?
A jagged line on a graph's axis, or the scale, is called a break and represents a 'skip' in the scaling to higher values.
What does the equillibrium point on a supply and demand graph represent?
which is true about the functional relationship shown in the graph
What characteristic of a graph represents the rate of change?
The slope of a graph.
What is the point at which a graph crosses the y-axis?
This is called the y-intercept and represents the value of the plotted function at x = 0.The place where the graph crosses the y axis is called the y intercept.
The location on a graph where supply and demand intersect is called?
Point of equilibrium!
What is a visual with vertical and horizontal lines to plot supply and demand?
Graph
