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What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
What factors contribute to the shape of a unit elastic demand curve for a product?
The shape of a unit elastic demand curve for a product is influenced by factors such as the availability of substitutes, the necessity of the product, and the proportion of income spent on the product.
What factors influence the shape of the market demand curve for a public good?
The shape of the market demand curve for a public good is influenced by factors such as the level of individuals' willingness to pay for the good, the number of people who benefit from the good, and the availability of substitutes for the good.
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.
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
When demand curve for commodity of a rectangular shape?
The demand curve cannot be of a rectangular shape since that would imply that the demand is the same at two different price levels even though other factors remain the same.
What factors contribute to the shape of a unit elastic demand curve for a product?
The shape of a unit elastic demand curve for a product is influenced by factors such as the availability of substitutes, the necessity of the product, and the proportion of income spent on the product.
What factors influence the shape of the market demand curve for a public good?
The shape of the market demand curve for a public good is influenced by factors such as the level of individuals' willingness to pay for the good, the number of people who benefit from the good, and the availability of substitutes for the good.
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.
What is the shape of demand curve in perfect competition?
The demand curve in a perfectly competitive market is U-shaped owing to the fact that as the economies of scale take effect average costs begin to lower down. Finally though, the diseconomies of scales take effect too thereby causing the average costs to go up hence creating a u-shape for 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.
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.
