Question

Demand curve shows how quantity demanded changes as the price changes.It implies that

Answer 1

Answer:

everything else that affects demand is assumed to be constant.

Answer 2

The demand curve shows how quantity demanded changes as the price changes for the product.

When a demand curve is constructed there are certain assumptions to it such as:

• All the other factors that affect the price or demand of the product remains constant.
• The technology of production remains constant.
• The market also is to remain constant.
• The substitute and complementary products remain constant.