differentiate between demand curve and linear demand curve
Answers
Answered by
1
Step-by-step explanation:
A linear demand curve is the graphical representation of the relationship between the price of a good and the quantity of that good consumers are willing to pay at a certain price at a point in time.
The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.
Answered by
1
Step-by-step explanation:
Understanding linear demand curves is critical to learning the basics of how a market works and running a successful business. Being able to use a demand is almost like telling the future, because it predicts consumer behavior. However, in the real world, most curves are nonlinear, so you constantly need to analyze demand for your products.
Similar questions