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To predict how people will change their buying habits when prices change.

A market demand curve allows an economist to predict the total sales of an item at several different prices.

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13y ago

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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.


Which market structure is the demand curve of the market represented by the demand curve of the firm?

oligopoly


Is individual demand curve and market demand curve same for identical consumers?

NO


How does a market demand curve differ from a demand curve How are they similar?

downward sloping


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.


The demand curve any monopolist uses in making output decisions is?

the same as the market demand curve.


What are the limits of demand curve?

Demand curve is only Accurate for one very specific set of market condition.


If the demand curve shifts to the right, how does this impact the market equilibrium"?

When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.


What does the market demand curve show?

It shows the demand for the product in relation to the price


When a product is in demand what happens to the demand curve?

the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product


How can one create a demand curve for a product or service?

To create a demand curve for a product or service, one must analyze the relationship between the price of the product or service and the quantity demanded by consumers. By conducting market research, collecting data on consumer preferences, and observing how changes in price affect demand, a demand curve can be plotted to show the quantity of the product or service that consumers are willing to buy at different price points.