In demand curve the line does not touch the axis but in geometric method y does the curve or demand line touch the axis?????
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Demand curve is between the price P and the quantity demanded Q of a commodity from a manufacturer.
A manufacturer reduces prices for a wholesale dealer if bought in big quantities. Thus the price reduces as Q increases. This is beneficial for both parties here. However, the manufacturer does not give his/her commodities free at any stage of bargain. So price is never 0. So the curve does not touch the axes.
In geometric method, one extends using a ruler the line segment of the demand curve to perform theoretical analysis. So it will touch the axes.
A manufacturer reduces prices for a wholesale dealer if bought in big quantities. Thus the price reduces as Q increases. This is beneficial for both parties here. However, the manufacturer does not give his/her commodities free at any stage of bargain. So price is never 0. So the curve does not touch the axes.
In geometric method, one extends using a ruler the line segment of the demand curve to perform theoretical analysis. So it will touch the axes.
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