0
What is the Difference between a demand curve and a budget line?
Wiki User
∙ 9y ago
demand curve shows quantities that the consumer is willing and able to buy at various prices in a given period of time,other things being equal. Whereas, a budget line is a graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
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.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
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.
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
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.
What is the difference in a movement along the demand curve and a shift in the total curve?
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
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 difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
What is difference between indifference curve and budget line?
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
What is the difference between demand curve and market demand curve?
Go to your Economics book on chapter 4 section 1 . Page 82 there you'll see it. ^.^ good luck
How the indifference curve and budget line apparatus are used to derive a consumer's demand curve?
Indifference curve: series of curve reflecting the preference structure of the individual. Budget constraint: the material resource constraint the individual faces in choices. The demand curve, being inherently designated as rational, seeks to maximise utility. Thus, in a Walrasian equilibrium, the consumer construct his demand curve at the points where his contract curve equals to his budget constraint (or, in mathematical terms, when the constraint and optimal indifferences are tangent to one another). These tangencies construct a curve which is the individual's demand function.
Distinguish between demand curve and engel curve?
The difference is the Y- axis. In the case of the Demand curve the Y - axis is the retail price of the good. On the Engel's curve the Y -axis is the amount of income over a set period of time.
What the difference between movement along the demand curve and a shift in demand?
A movement along the demand curve is only caused by a change in price of that specific good, a demand curve is the quantity demanded for a good at each price. If the demand curve shifts, this means that something besides price is affecting the demand, so that at each price more or less is demanded.
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
