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What is the general relationship between a country's price level and the quantity of its domestic output demanded?
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The relationship between quantity demanded and price is direct or inverse?
direct
What is a negative relationship between the quantity demanded and price called?
Propensity to consume
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.
A demand schedule shows the relationship between the quantity demanded of a commodity over a given peiord of time and?
quantity supplied
What is an increase in quantity demanded?
what in is an increase in quantity demanded
The relationship between quantity demanded and price is direct or inverse?
direct
What is a negative relationship between the quantity demanded and price called?
Propensity to consume
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.
A demand schedule shows the relationship between the quantity demanded of a commodity over a given peiord of time and?
quantity supplied
What is an increase in quantity demanded?
what in is an increase in quantity demanded
And quantity demanded is shown on?
And quantity demanded is shown on?
The negative relationship between the quantity demanded of a commodity and its price can be explained by the principle of?
true
What kind of relationship does the demand curve have in relation to supply?
Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer.
What is abnormal demand?
Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve
What is abnormal demand curve?
Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve
Why do people buy more of something at lower prices and less at higher prices?
the law of demand. an inverse relationship between the quantity demanded and the price of the product (the lower the price the higher the quantity demanded).
What are the different types of demand in economics?
what is demand curve is a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis
