Question

draw the
1) individual demand curve
price=1,2,3,4
quantity demand=4,3,2,1​

Answer 1

Answer:

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Answer 2

Answer:

The Law of Demand states that when the price of a commodity falls, its demand increases and when the price of a commodity rises, its demand decreases; other things remaining constant. Thus, there exists an inverse relationship between price and quantity demanded of a commodity. The functional relationship between price and quantity demanded can be represented as Dx = f(Px). Now let us discuss the Demand Schedule in detail.

Explanation:

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