What is demand curve and its types?
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What is demand curve and its types?
when demand schedule or demand function is depicted on the graph paper it becomes the demand curve.
There are two types of demand curve..
Individual demand curve
Market demand curve
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Heya....
See here for your answer...
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What is demand curve..??
√ It is the graphical representation of the relationship between quantity demanded and the own price of the commodity that is inversely related to each other....
√ Slope of demand curve is given by..
∆ P / ∆ Q...
Types of demand curve...
Demand curve is of two types...
1 Individual demand curve...
Showing graphically only that how much of a person is willing to purchase a commodity at given prices...
2 Market demand curve...
Showing graphically that how much all the consumers in the market is willing to buy a commodity with its given prices...
Thank you
See here for your answer...
=========
What is demand curve..??
√ It is the graphical representation of the relationship between quantity demanded and the own price of the commodity that is inversely related to each other....
√ Slope of demand curve is given by..
∆ P / ∆ Q...
Types of demand curve...
Demand curve is of two types...
1 Individual demand curve...
Showing graphically only that how much of a person is willing to purchase a commodity at given prices...
2 Market demand curve...
Showing graphically that how much all the consumers in the market is willing to buy a commodity with its given prices...
Thank you
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