discuss about the nature of the demand curve
Answers
Answer-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.
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.
The amount of a good or service that a consumer is willing and able to buy at various possible prices during a given period of time. Quantity Demanded—Amount consumer is willing and able to buy at each particular price during given time period.