Demand curve: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand and add link.) |
imported>Doug Williamson (Expand.) |
||
| Line 1: | Line 1: | ||
'' Economics. '' | '' Economics. '' | ||
A graphical illustration of the periodic quantity of a specified good or service that the purchaser would be | A graphical illustration of the periodic quantity of a specified good or service that the purchaser would be willing and able to buy at a given price. | ||
Revision as of 14:15, 5 May 2016
Economics.
A graphical illustration of the periodic quantity of a specified good or service that the purchaser would be willing and able to buy at a given price.
Demand curves are generally downward sloping.
As the price increases, the quantity demanded decreases.
As the price decreases, the quantity demanded increases.
