demand curve
graph depicting the demand for a product as a function of its price | ||||
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Demand curve definition was found in categories: Business & Finance(2) Social Science(2) Encyclopedia(1)
Demand curve Definition from Business & Finance Dictionaries & Glossaries
| MONASH Marketing Dictionary |
Demand Curve
a line drawn on a graph to represent the number of units of a product which will be purchased at any particular price point.
a line drawn on a graph to represent the number of units of a product which will be purchased at any particular price point.
| Raynet Business & Marketing Glossary |
Demand Curve
a graph showing the demand for a product at different price points.
a graph showing the demand for a product at different price points.
| Environmental Economics Glossary |
Demand Curve
A graphic representation of the relationship between prices and the corresponding quantities demanded per time period. the relationship between quantity demanded of a good and the price, whether for an individual or for the market (all individuals) as a whole
A graphic representation of the relationship between prices and the corresponding quantities demanded per time period. the relationship between quantity demanded of a good and the price, whether for an individual or for the market (all individuals) as a whole
| A Glossary of Political Economy Terms |
Demand curve
A graphical representation of a demand schedule . Conventionally, the demand curve is usually drawn between axes with price plotted along the vertical axis and number of units of the good or service demanded plotted along the horizontal axis. Where the law of demand applies to the particular market under consideration, the demand curve will slope (either gently or steeply) downwards from left to right.
[See also: demand , law of demand , demand schedule , supply ]
A graphical representation of a demand schedule . Conventionally, the demand curve is usually drawn between axes with price plotted along the vertical axis and number of units of the good or service demanded plotted along the horizontal axis. Where the law of demand applies to the particular market under consideration, the demand curve will slope (either gently or steeply) downwards from left to right.
[See also: demand , law of demand , demand schedule , supply ]
Demand curve Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Demand curve
In economics, the demand curve can be defined as the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price (see demand).
Demand curves are used to estimate behaviors in competitive markets, and are often combined with supply curves, often to estimate the equilibrium price (the price at which all sellers are able to find a willing buyer, also known as market clearing price) and the equilibrium quantity (the amount of that good or service that will be produced and bought without surplus/excess supply or shortage/excess demand) of that market. Please see the article on Supply and Demand for more details on how this is done.
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